Get ready to see a 10-cent hike in diesel prices starting midnight this Thursday in the Greater Toronto Area (GTA). Alongside, a 3-cent increase in gas prices is also on the horizon. According to En-Pro’s Chief Petroleum Analyst, Roger McKnight, diesel plays a vital role in driving the economy, making the impending increase more significant.
McKnight highlights that diesel’s escalating costs can lead to higher inflation, ultimately impacting interest rates. Despite the attention on rising gas prices, he emphasizes that the true concern lies with the surge in diesel prices, reflecting broader economic implications.
Stay tuned for further updates on fuel prices and their impact.
