Canada Gasoline Fuel Market Size To Reach $47.12 Billion By 2033

Canada Gasoline Fuel Market Growth & Trends

The Canada gasoline fuel market size is projected to reach USD 47.12 billion by 2033, expanding at a CAGR of 1.1% during the forecast period, according to industry analysis. Market growth is primarily driven by sustained demand from the passenger transportation and light-duty vehicle segment, which continues to dominate Canada’s on-road fleet. Gasoline remains the primary fuel choice for daily commuting, suburban travel, and personal mobility, supported by the widespread availability of fueling infrastructure and consumer preference for internal combustion engine (ICE) vehicles, such as cars, SUVs, and light trucks. Population growth in metropolitan areas such as Ontario, British Columbia, Alberta, and Quebec, alongside rising economic and retail mobility activity, is expected to underpin steady gasoline consumption. Furthermore, the increasing adoption of ethanol-blended gasoline in compliance with Clean Fuel Regulations (CFR) reflects a broader industry shift toward cleaner and lower-carbon fuel alternatives.

Major refiners and distributors, including Suncor Energy Inc. (Petro-Canada), Imperial Oil Ltd. (Esso), and Shell Canada Ltd., are actively expanding their blending, refining, and retail distribution capabilities to support evolving fuel standards and sustainability goals. Investments in refining modernization, ethanol blending units, and supply chain optimization are improving gasoline fuel quality and reducing carbon intensity across the value chain. Meanwhile, the expansion of retail convenience networks and loyalty-based fuel marketing strategies by companies such as Parkland Corporation, Irving Oil Ltd., and Canadian Tire Gas+ is enhancing brand competitiveness and consumer access. The growing interest in hybrid vehicles, which continue to rely on gasoline for extended driving ranges, is further contributing to their sustained market relevance amid broader vehicle electrification trends.

Additionally, the gasoline fuel market in Canada is experiencing strategic advancements in distribution logistics, digital fuel management, and retail service innovation, aimed at improving customer engagement and operational efficiency. Companies are enhancing storage and terminal capacity, expanding partnerships with renewable fuel suppliers, and integrating electric vehicle EV) charging stations at select service sites to diversify their mobility offerings. While the accelerated adoption of electric vehicles is expected to moderate long-term gasoline demand, the transition will be gradual due to Canada’s large geographic expanse, varied climate conditions, and the continuing affordability advantage of gasoline-powered vehicles. As the nation balances mobility needs with decarbonization objectives, the gasoline fuel market is expected to maintain stable growth through 2033, supported by trends in fleet composition, infrastructure readiness, and ongoing shifts toward cleaner and ethanol-enhanced gasoline formulations.

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Canada Gasoline Fuel Market Report Highlights

• Based on type, regular gasoline held the highest market share of 71.2% in 2024, owing to its widespread use in passenger cars, SUVs, and light-duty trucks across Canada. Regular gasoline remains the most accessible and cost-effective fuel option for everyday transportation, supported by a well-established retail fueling network and compatibility with the majority of the national vehicle fleet. While premium and ethanol-blended variants are gaining momentum, Regular Gasoline continues to dominate due to its affordability, broad consumer acceptance, and consistent availability through major refiners and fuel retailers.

• Based on end use, the passenger vehicles segment held the highest market share in 2024, driven by the continued reliance on gasoline-powered vehicles for daily commuting, suburban mobility, and personal travel. Canada’s transportation landscape is characterized by the widespread use of internal combustion engine (ICE) vehicles, particularly in regions where EV adoption remains gradual and charging infrastructure is still expanding. The preference for SUVs and light-duty trucks further supports gasoline demand, while the continued use of hybrid vehicles reinforces gasoline dependence due to their extended driving ranges. The strong presence of retail fueling networks and convenience-based service stations also contributes to sustained market dominance in this segment.

• Growing transportation fuel demand continues to drive the Canadian gasoline fuel market, supported by rising vehicle ownership, expanding logistics operations, and strong highway connectivity. Increasing domestic travel and freight movement are sustaining gasoline consumption despite gradual EV adoption. Continued investments in refining capacity and fuel distribution infrastructure further reinforce market stability across key provinces. Additionally, the steady rebound in post-pandemic mobility, along with the expansion of ride-hailing and delivery services, is contributing to higher fuel demand. The government's focus on maintaining fuel supply security and supporting regional refining hubs is also fostering long-term market growth.

Canada Gasoline Fuel Market Segmentation

Grand View Research has segmented the Canada gasoline fuel market based on type and end use:

Canada Gasoline Fuel Type Outlook (Volume, Billion Gallon; Revenue, USD Billion, 2021 - 2033)

• Regular Gasoline

• Mid-Grade Gasoline

• Premium Gasoline

• Ethanol-Blended Gasoline

Canada Gasoline Fuel End Use Outlook (Volume, Billion Gallon; Revenue, USD Billion, 2021 - 2033)

• Passenger Vehicles

• Commercial Vehicles

• Heavy-Duty Vehicles

• Industrial / Off-Road Use

List of Key Players in the Canada Gasoline Fuel Market

• 7-Eleven Canada

• Canadian Tire Corporation

• Cenovus Energy Inc.

• Costco Wholesale Canada

• Husky Energy

• Imperial Oil Limited

• Irving Oil Ltd.

• Parkland Corporation

• Shell Canada Limited

• Suncor Energy Inc.