Victoria gas prices reach new record once again as prices continue to climb

Victoria gas prices reach new record once again as prices continue to climb

In what’s becoming an all-too-familiar sight to drivers, the price of gas in Greater Victoria has once again broken an all-time record high.

Several stations including the Petro-Canada location at Shelbourne Street and Mackenzie Avenue were spotted selling regular fuel for 234.9 cents per litre on Monday.

It comes just three weeks after gas hit its previous all-time high in Greater Victoria at 232.9 cents per litre.

Meanwhile, the average price of gas in the region continues to hit at around 223 cents per litre and shows multiple stations in the Greater Victoria area still selling fuel at 221.9 cents per litre.

Last month, B.C. Premier John Horgan — whose province has seen the highest fuel costs in Canada — encouraged residents to reduce their travel costs where possible by doubling up on trips to the grocery store, or avoiding unnecessary trips entirely.

The Opposition BC Liberals also introduced their own plan to reduce the price of gas, calling on the government to temporarily suspend provincial gas taxes — which they say would provide immediate savings 0f 7.75 cents per litre — and to use carbon tax revenue to boost the $174 climate action tax credit.

However, the NDP argued that cutting gas taxes does not necessarily mean that money will go back into drivers’ pockets.

Gas prices have been soaring around the world, with some experts chalking it up to market destabilization caused by Russia’s invasion of Ukraine, as well as rising demand due to COVID-19  pandemic restrictions easing.


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