Gas Prices in Ottawa Expected to Decrease Following Ceasefire Agreement
Gas prices expected to drop 12 cents a litre on Friday
Ctv News
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Gas prices in Ottawa, Canada, are anticipated to drop by at least 12 cents per litre on Friday, April 10, following a two-week ceasefire agreement between the United States and Iran. This comes after a significant rise of over 50 cents since late February, with current prices at $1.89 per litre.
- 01Gas prices in Ottawa could drop by at least 12 cents per litre on April 10.
- 02Prices have surged by over 50 cents since late February.
- 03Current gas prices are around $1.89 per litre.
- 04The increase in prices is attributed to a supply shortage due to Middle Eastern conflicts.
- 05Refineries will switch to summer-grade gasoline, adding 7 cents per litre next week.
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Motorists in Ottawa, Canada, may experience some relief at the gas pumps as prices are expected to decrease by at least 12 cents per litre on Friday, April 10. This anticipated drop follows a two-week ceasefire agreement between the United States and Iran, announced on Tuesday. Gas prices have surged by over 50 cents since late February, with current prices reaching $1.89 per litre. Dan McTeague, President of Canadians for Affordable Energy, noted that the rising gasoline prices have been driven by a supply shortage related to ongoing conflicts in the Middle East. Additionally, refineries are scheduled to transition to summer-grade gasoline next week, which will add another 7 cents per litre to prices. Meanwhile, in Gatineau, Quebec, gas prices have approached $2 per litre, with reports of prices hitting $1.99.
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The expected drop in gas prices will provide financial relief to Ottawa motorists, potentially lowering their fuel expenses.
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