HonestCosts

Heating oil prices in Toronto, ON

Household heating oil in Toronto averaged $2.59 per litre in September 2026, 72% higher than a year earlier ($1.51/L).

September 2026$2.59per litre
vs a year ago+72%$1.51
680 L fill$1,763incl. tax

Heating oil price in Toronto, monthly

$1.45$2.02$2.59September 2024September 2026

Canadian dollars per litre, including taxes.

What this price means for a typical home

A 2,000 sq ft home with average insulation in Toronto burns about 2,034 litres of heating oil a winter. At $2.59/L that is about $5,275 a year, versus about $1,070 with a cold-climate heat pump. Full Toronto heating cost comparison →

Frequently asked questions

How much is heating oil in Toronto?

Household heating fuel in Toronto averaged $2.59 per litre (259.3¢/L) in September 2026, according to Statistics Canada.

Has heating oil gone up in Toronto?

A year earlier, in September 2025, it averaged $1.51/L, so the price is 72% higher.

How much does it cost to fill a 900-litre oil tank in Toronto?

A common 909-litre (200-gallon) tank refilled from a quarter full takes about 680 litres, roughly $1,763 at September 2026 prices.

Source: Statistics Canada, Table 18-10-0001-01, monthly average retail price of household heating fuel. Your supplier's price will differ.