Canadian diesel refiners churn out record profit margins, adding pressure on farmers, cost of goods

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Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-01 11:00:37.0
Tags: [Alberta, National, Energy, Economy, Agriculture, Transportation]

Canadian diesel refining margins reached record highs, topping an all-time high of 119.4 cents a litre on August 19 according to Kalibrate Canada, driven by supply constraints including knocked-out Russian refining capacity and Strait of Hormuz export disruptions. The price spike adds significant operational cost pressures on key sectors like agriculture—where Alberta farms had harvested only 1.1 per cent of major crops by August 18—as well as rail and trucking freight. Facilities such as the Sturgeon Refinery northeast of Edmonton, jointly owned by the Government of Alberta and Canadian Natural Resources Ltd., produce approximately 40,300 barrels of diesel a day, but consumers continue to face retail prices averaging about $2.30 a litre due to fuel selling into global markets.