With 200,000 Quebec households heating themselves with oil, the wallet has been hit hard. Filling up the heating oil tank costs twice what it cost last year.
“Oil prices continue to be at very high levels, so the prices of all petroleum products are high,” summarizes Professor Pierre-Olivier Pineau of HEC Montreal.
According to the Régie de l’énergie du Québec, the average price of light fuel oil used for heating this week was $2.04 per liter. This is an increase of almost 75% compared to the same date last year. In November 2021, the average price was $1.18.
A family that wants to fill a 500-liter tank before winter will pay more than $1,000. In November 2021, the invoice showed 590$. Keep in mind that multiple refills are often necessary to survive the winter.
By 2021, it is estimated that more than 200,000 Quebec households will still be heated by oil.
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