Fuel prices are dropping in the southern part of the territory but increasing in the northern part, and transportation costs are largely getting the blame.
“Prices are being updated to reflect the cost of fuel delivered through the 2023 summer and fall resupply programs,” reads a GNWT news release issued on Feb. 12. “The prices of heating and motive fuel will decrease in Jean Marie River, Wrigley and Tulita, while fuel prices will increase for Beaufort Delta communities and Fort Good Hope, primarily due to increased transportation costs. Similar adjustments in fuel prices are in effect for government customers in these communities.”
Fuel prices are as follows effective Feb. 12, 2024.
The price change only affects the 16 communities where the GNWT provides fuel. Inuvik, Yellowknife, Hay River, Fort Smith and other major centres will continue to see their fuel prices fluctuate on the free market.
Fuel prices are normally set twice a year by the GNWT — usually following the summer barge and winter road resupply of communities. The price is based on the cost to purchase the fuel and transport it to respective communities. However, an additional price adjustment is scheduled for April 1, 2024, when the GNWT’s carbon tax exemption for diesel heating comes into effect.