Surging gas prices have Ottawa businesses prepping their own price hikes – By Krystalle Ramlakhan (CBC News) / March 13, 2022
Russia’s invasion of Ukraine has sent fuel prices soaring
Record-high gas prices sparked by Russia’s invasion of Ukraine have forced some Ottawa businesses to contemplate raising their prices to stay out of the red.
The invasion has thrown markets around the world into chaos, including the energy market. Russia is one of the largest producers of oil and gas in the world, and the high demand for oil combined with a shortage of supply has been pushing oil prices — and consequently gas prices — up for weeks.
Taxi drivers are especially feeling the pain at the pump since they pay for their own gas, said Unifor Local 1688 president Ali Enad, whose union represents Ottawa drivers.
“It does affect us extremely [strongly] and we are actually struggling to make ends meet for our kids and families,” said Enad, who’s also a taxi driver himself.
