Diesel Prices Could Remain High for Months—and Hit Consumers Harder Than Gas Costs

Diesel Prices Could Remain High for Months—and Hit Consumers Harder Than Gas Costs
A diesel pump is seen at a gas station in Montreal on April 9, 2026. The Canadian Press/Christopher Katsarov
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High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.

The average wholesale price of diesel remained more than 55 percent above pre-war levels in recent days, according to Natural Resources Canada data, despite the U.S. announcement of a two-week pause in hostilities with Iran on Tuesday.