Canada and other IEA members to release 20 million barrels of diesel

Diesel to be released as soon as possible

20 million barrels

Members of the International Energy Agency will release more than 20 million barrels of diesel as soon as possible to ease fuel costs, the agency's governing board said Thursday.

Emergency oil release since March

330 million barrels released 100 million barrels to come

More than 330 million barrels of emergency oil have been released since March, the agency said, with another 100 million to come.

And us?

Where Canadians pay for diesel

• Trucking
• Agriculture
• Construction
• Mining
• Rail and marine transport

Most Canadians do not buy diesel at the pump, but they pay for it indirectly through trucking, farming, construction, mining and rail. Canada agreed in March to release 23.6 million barrels, the third highest volume of any member.

Diesel is currently the tightest part of the barrel.

— TD Bank economic analysis