Sylvie Willis
As of June 2, 2025, the price of diesel fuel in Canada is CAD 1.43 per liter, which is USD 1.04 per liter. The average price of diesel fuel in Canada between June 29, 2015, and June 2, 2025, was CAD 1.37 per liter, with a minimum of CAD 0.89 on February 8, 2016, and a maximum of CAD 2.30 on November 14, 2022. In Ontario, Canada, the average diesel price between February 10, 2025, and May 19, 2025, was 1.46 per liter, with a minimum of 1.27 on May 5, 2025, and a maximum of 1.67 on February 10, 2025.
| Characteristics | Values |
|---|---|
| Current price of diesel fuel in Canada | CAD 1.43 per liter or USD 1.04 per liter (as of 2nd June 2025) |
| World average diesel price | USD 1.12 per liter |
| Average diesel price in Canada from 29th June 2015 to 2nd June 2025 | CAD 1.37 per liter |
| Minimum diesel price in Canada during the above period | CAD 0.89 (on 8th February 2016) |
| Maximum diesel price in Canada during the above period | CAD 2.30 (on 14th November 2022) |
| Average diesel price in Ontario from 10th February 2025 to 19th May 2025 | 1.46 per liter |
| Minimum diesel price in Ontario during the above period | 1.27 (on 5th May 2025) |
| Maximum diesel price in Ontario during the above period | 1.67 (on 10th February 2025) |
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What You'll Learn
Current price of diesel fuel in Canada
As of June 2, 2025, the price of diesel fuel in Canada is CAD 1.43 per liter or USD 1.04 per liter. The price of diesel fuel varies across Canada. For example, in Ontario, the average price of diesel fuel from February 10, 2025, to May 19, 2025, was CAD 1.46 per liter, with a minimum of CAD 1.27 and a maximum of CAD 1.67.
Since 2015, the average price of diesel fuel in Canada has been CAD 1.37 per liter. The price has fluctuated over the years, with a minimum of CAD 0.89 on February 8, 2016, and a maximum of CAD 2.30 on November 14, 2022.
The price of diesel fuel in Canada is influenced by various factors, including global oil prices, supply and demand, and government regulations. The Canadian government may implement measures such as taxes or subsidies to regulate the price of diesel fuel and ensure a stable supply for consumers.
Additionally, the cost of diesel fuel can vary depending on the region within Canada. Factors such as transportation costs, local taxes, and competition among fuel retailers can impact the price at the pump. It is essential to monitor trusted sources for the most up-to-date and accurate information on diesel fuel prices in Canada, as they can change rapidly.
In summary, the current price of diesel fuel in Canada is around CAD 1.43 per liter, but it is essential to note that prices can vary across different regions and are subject to change due to various economic and market factors.
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Comparison to world average diesel price
As of June 2, 2025, the price of diesel fuel in Canada was CAD 1.43 per liter or USD 1.04 per liter. The world average diesel price is USD 1.12 per liter. This means that the price of diesel fuel in Canada is lower than the world average.
When comparing the price of diesel fuel in Canada to the world average, it is important to consider the fluctuations in price over time. From June 29, 2015, to June 2, 2025, the average diesel price in Canada was CAD 1.37 per liter. The minimum price during this period was CAD 0.89 on February 8, 2016, and the maximum price was CAD 2.30 on November 14, 2022. The world average diesel price during this period is not provided, but it can be assumed that it also fluctuated. Therefore, it is possible that the relationship between the Canadian and world average diesel prices changed over this time frame.
Additionally, it is worth noting that the world average diesel price is an aggregated number and does not consider the variability in prices across different countries and regions. Some countries may have much lower or higher diesel prices than the world average, and this can impact the relative position of Canadian diesel prices.
The CAD/USD exchange rate can also impact the comparison between Canadian and world average diesel prices. As the world average diesel price is quoted in USD, fluctuations in the exchange rate can make Canadian diesel prices appear more or less favorable in comparison. For example, if the Canadian dollar weakens against the US dollar, the relative price of Canadian diesel fuel in USD terms will increase, making it seem closer to or above the world average.
In conclusion, while the current price of diesel fuel in Canada is lower than the world average, this relationship can vary over time due to fluctuations in local and global diesel prices, exchange rates, and other economic factors. Comparing Canadian diesel prices to the world average provides a snapshot of the relative cost at a given point in time, but it is important to consider the broader context and historical trends for a more comprehensive understanding.
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Diesel price data for Ontario
As of June 2, 2025, the price of diesel fuel in Canada is CAD 1.43 per liter or USD 1.04 per liter. The average price of diesel fuel in Canada from June 29, 2015, to June 2, 2025, was CAD 1.37 per liter, with a minimum of CAD 0.89 on February 8, 2016, and a maximum of CAD 2.30 on November 14, 2022.
In Ontario, between February 10, 2025, and May 19, 2025, the average diesel price was 1.46 per liter, with a minimum of 1.27 on May 5, 2025, and a maximum of 1.67 on February 10, 2025. The data for Ontario is collected from official government sources, regulatory agencies, petroleum companies, and major media sources, and it is updated weekly.
The price of diesel fuel in Canada is generally higher than the world average. The world average diesel price is USD 1.12 per liter. The prices in Canada are fixed by the government, which can lead to long periods of stable prices. The CAD/USD exchange rate also influences fuel prices in Canada.
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Factors influencing fuel prices in Canada
As of June 2, 2025, the price of diesel fuel in Canada was CAD 1.43 per liter or USD 1.04 per liter. The average diesel price from June 29, 2015, to June 2, 2025, was CAD 1.37 per liter, with a minimum of CAD 0.89 on February 8, 2016, and a maximum of CAD 2.30 on November 14, 2022. Several factors influence fuel prices in Canada, and these factors are interconnected. Here are some of the key factors:
Supply and Demand
The law of supply and demand is a primary factor influencing fuel prices. When demand for fuel exceeds the supply, prices tend to rise, and when there is low demand and high supply, prices typically decrease. Demand for fuel often surges during the summer when more people travel for vacations and recreation.
Crude Oil Prices
Crude oil is considered the lifeblood of fuel production, and its price significantly influences the cost of fuel. Global forces affect crude oil prices, including geopolitical tensions, production quotas set by oil-producing countries, and natural disasters that can disrupt supply chains. Decisions by organizations such as OPEC regarding production quotas and supply levels can also cause sharp swings in crude oil prices.
Refining and Distribution Costs
Crude oil undergoes a complex refining process to become usable fuel, and the cost of refining, including labor, technology, and maintenance, environmental regulations, contributes to the final fuel price. Additionally, the expenses associated with transporting and distributing fuel from refineries to gas stations impact prices, with remote locations often facing higher costs due to transportation.
Taxes and Government Policies
Fuel products are taxed by governments worldwide, and these taxes can account for a significant portion of the overall fuel cost in the final retail price. In Canada, all gasoline sales are subject to the Goods and Services Tax (GST) and an excise tax, although the specific taxes can vary between provinces and regions. Government policies and decisions can significantly influence fuel pricing dynamics.
Seasonal Variations and Weather Events
Seasonal variations and weather events can impact fuel prices. For example, shorter days and unfavorable weather can lead to less driving, resulting in lower gas prices. Additionally, specific weather events can affect the supply of crude oil and disrupt distribution channels, influencing fuel prices.
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Historical diesel price trends in Canada
The price of diesel fuel in Canada has fluctuated over the years, with data showing a range from a minimum of CAD 0.89 per liter in 2016 to a maximum of CAD 2.30 per liter in 2022. On June 2, 2025, the price stood at CAD 1.43 per liter, which is slightly higher than the average price of CAD 1.37 per liter between June 29, 2015, and June 2, 2025.
The highest price recorded during this ten-year period was in November 2022, when diesel prices peaked at CAD 2.30 per liter. This was a significant increase from the previous years, as prices had been relatively stable between CAD 1 and CAD 1.50 per liter from 2018 to early 2022.
Prior to this, in 2016, diesel prices in Canada dipped to their lowest point during this period, reaching CAD 0.89 per liter on February 8. Prices gradually increased after this low point, remaining below CAD 1.20 per liter for most of 2016 and 2017.
In 2018, diesel prices began to climb more steadily, surpassing CAD 1.30 per liter and reaching CAD 1.50 per liter by the end of the year. This upward trend continued into early 2020, with prices fluctuating between CAD 1.40 and CAD 1.50 per liter.
However, the COVID-19 pandemic and the resulting economic downturn caused a sharp drop in diesel prices worldwide, and Canada was no exception. By mid-2020, diesel prices had fallen back to the CAD 1.10 range, similar to the prices seen in 2016 and 2017.
As the economy started to recover in 2021, diesel prices began to climb once again. By late 2021, prices had returned to the pre-pandemic level of around CAD 1.30 to CAD 1.40 per liter. This upward trend continued into 2022, with prices surging to record highs, as previously mentioned, due to various factors affecting the global energy market.
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Frequently asked questions
As of June 2, 2025, the price of diesel fuel in Canada is CAD 1.43 per liter or USD 1.04 per liter.
Between June 29, 2015, and June 2, 2025, the average diesel price in Canada was CAD 1.37 per liter, with a minimum of CAD 0.89 on February 8, 2016, and a maximum of CAD 2.30 on November 14, 2022.
Between February 10, 2025, and May 19, 2025, the average diesel price in Ontario was CAD 1.46 per liter, with a minimum of CAD 1.27 on May 5, 2025, and a maximum of CAD 1.67 on February 10, 2025.
The current price of diesel fuel in Canada is slightly lower than the global average. As of June 2, 2025, the world average diesel price was USD 1.12 per liter, compared to USD 1.04 per liter in Canada.
