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Gas Is Still $1.81 a Litre: Why Pump Prices Won't Fall (and What to Do Before Winter)

  Canadians hoping for relief at the pump got bad news heading into this week: it isn't coming soon. The national average for regular gas was $1.81 a litre on Friday, according to Kalibrate, with provincial averages ranging from $1.557 in Alberta to $2.156 in Newfoundland, per GasBuddy. That's after a big policy move. On Friday the G7 announced plans to release 100 million barrels of oil right away, starting with diesel. Brent crude dipped on the news, then climbed back to about US$102 a barrel by the afternoon. Don't expect the release to show up at your station, because crude is only half the story. Crude oil explains only half your pump price Wood Mackenzie's Jim Mitchell says crude makes up 50 to 60 per cent of the retail price of gas. The rest is the cost of refining it, and that's where the squeeze is. Bank of Canada Governor Tiff Macklem pointed to damaged refining capacity worldwide in a Sept. 21 speech, noting that pump prices reflect crude roughly US$40 a ...
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Farmers' Protest Escalates as Police Clash with Marchers in India

 

Tensions flared as Indian police clashed with hundreds of farmers marching towards New Delhi to demand guaranteed crop prices. The protest, reminiscent of the 2021 demonstrations, saw tear gas and barricades deployed by authorities at the Shambhu border crossing between Punjab and Haryana.

Farmers, who began their march from Haryana and Punjab, are seeking legal guarantees for minimum support prices (MSP) for over 20 essential crops. The government's current policy protects only rice and wheat prices, leaving farmers struggling with rising cultivation costs and stagnant incomes.

The authorities have suspended internet services in some Haryana districts to hinder communication among protesters. Despite the heavy security measures, farmers remain resolute, vowing to continue their march until their demands are met.

The situation remains tense as both sides stand their ground, with farmer leaders criticizing the government's lack of progress on promises made in 2021. The farmers' determination underscores the ongoing struggle for fair agricultural policies in India.



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