Fuel Prices Surge: What Consumers Need to Know Today!

In a surprising turn of events, fuel prices have seen a notable increase this morning, leaving consumers and businesses alike feeling the pinch.

Gasoline has risen sharply, climbing by a cent and a half per litre. Meanwhile, diesel prices are seeing an even steeper rise, with an increase of over 5 cents per litre recorded across the island and in Labrador West.

Adding to the growing concerns, prices for furnace and stove oil have also escalated, with a spike of approximately 4.5 cents. Propane has not been spared, as it increases by just over 5 cents as well.

These price hikes come amid ongoing global supply chain challenges and fluctuating crude oil prices, factors driving up costs for consumers.

Experts predict that unless there is a stabilization in the global market, drivers and homeowners may continue to face high fuel expenses.

Is this the beginning of a new trend? Stay tuned as we keep a close eye on these developments and the impact they will have on everyday life!