Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

EU to Introduce €3 Duty on Online Parcels Starting July 2026


The European Union has announced that from July 2026, a €3 duty will be applied to all e-commerce parcels entering the bloc. The measure is part of a broader effort to modernize customs procedures, ensure fair competition, and strengthen revenue collection from the rapidly growing online shopping sector.

Currently, small parcels valued under €150 often bypass traditional customs duties, creating loopholes that favor certain sellers outside the EU. The new flat-rate fee aims to simplify the process, reduce fraud, and level the playing field for European businesses.

While the duty is expected to generate significant revenue, critics warn it could increase costs for consumers who frequently purchase low-value items from international platforms. Supporters argue that the measure will enhance transparency and help fund public services, while also encouraging buyers to shop locally.

The EU plans to roll out digital customs systems alongside the new duty, making parcel tracking and fee collection more efficient.


Labels:

Comments

Post a Comment