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Canada Gas Prices Drop to $1.78 Amid Crude Decline

4/12/2026

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Story summary
  • Gas prices in Canada have fallen to $1.78 per litre from $1.81, marking a decrease.
  • The drop follows a Brent crude price decline after a ceasefire announcement related to the ongoing conflict involving Iran.
  • Diesel prices have reached an all-time high of $2.27 per litre, potentially increasing costs for goods.
  • The future of gas prices remains uncertain, hinging on negotiations between U.S. and Iranian delegations in Islamabad, affecting market stability.