Gasoline market

As of 2023, Canada’s refining capacity totals approximately 1.9 million barrels per day, distributed across 16 refineries. The industry has remained relatively stable over the past decade, with only minor fluctuations in total capacity due to plant upgrades, closures, and operational changes.

In addition to domestic needs, Canada’s refineries play a crucial role in supplying fuels to the U.S. market, particularly in regions close to the U.S.-Canada border. Looking forward, Canada’s refining industry is expected to remain steady, with minimal capacity expansion. The focus will likely be on increasing operational efficiencies, lowering emissions, and co