Ontario truckers warn rising diesel prices will mean more expensive groceries
A group representing Canadian truck drivers is sounding the alarm that the skyrocketing price of diesel could soon be passed down to consumers.
Canadian truck drivers' association warns that escalating diesel prices could soon result in higher grocery costs for consumers. The escalating conflict in the Middle East is causing diesel prices to rise, and small and mid-sized trucking companies are struggling to maintain any profit margins with the current situation. Tej Dulat, spokesperson for the Mississauga-based Canada Truck Operators Association, stated that the trucking industry operates with a tight profit margin of 8-12 percent, with most of it going towards diesel.
This reliance on diesel makes these firms particularly vulnerable to price hikes. If the government fails to provide relief, the increased cost of transporting goods will eventually be passed on to consumers. Over 90 percent of Ontario's food supply is transported by truck, meaning that grocery prices could be affected if the higher diesel costs are passed on.
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