The rack price of diesel in Ontario has reached a six-year high, according to the OTA.
TORONTO, Ont. — Diesel in Ontario now costs more than it has in the past six years, the Ontario Trucking Association (OTA) has pointed out.
Bitter cold is to blame for the rack price of diesel reaching a six-year high, the association claims. Current prices of $1.01 per litre, before taxes, are the highest since 2008. The OTA calculates average diesel rack prices by examining the price in nine Ontario locations.
The current rack price is nearly double its price from April 2009.
“Nationally, we see a similar trend,” the OTA said in a release. “The Canadian average weekly rack price for diesel also broke the 100-cents per litre mark (before tax) this past week, averaging 102.6 cents per litre, with the monthly average for January sitting just below the 100 cents at 98.8 cents. This is the first time the weekly 100-cents per litre mark has been broken, since mid-2008.”