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Gas prices in Nova Scotia hit a new record, rising 8.7 cents after the breaker was called – Halifax

The Nova Scotia Utilities and Review Board has invoked the breaker clause to lift it fuel prices again overnight.

Petrol pump prices are up 8.7 cents, with Nova Scotians now paying 175.3 cents a liter for the regular minimum self-service.

This comes just a day after petrol prices rose by more than 10 cents a liter to a new record high on Friday.

Diesel rose 17.2 cents on Friday and another 6.4 cents on Saturday to 190.1 cents a litre.

Continue reading:

NS invokes breaker clause after just raising gas prices by 10 cents

The NSUARB announced pump prices would change overnight on Friday, but the amount was unknown.

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“This change is necessary due to significant shifts in market prices for gasoline and diesel oil,” it said.

Gas prices are rising across the country as Russia’s invasion of Ukraine puts even greater pressure on an already rising oil price environment.

The high demand for oil combined with a tight supply has been driving up oil prices and thus gas prices for weeks.

Continue reading:

Canadian gas prices will skyrocket this weekend amid Russia’s invasion of Ukraine

The last time NSUARB activated the breaker on its schedule was February 22 for diesel when it rose 6.5 cents and December 1 for gasoline when it fell 7.5 cents.

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According to the boardthe last time the breaker was called to raise the cost of gas was September 2, 2017.

A PDF from the Nova Scotia Utility and Review Board shows a timeline of when it called the breaker to change pump prices. Read it here.

nsuarb.novascotia.ca

Gas pump prices were 131.7 cents per liter at the end of August, 43.6 cents below the current minimum of 175.3 cents.

Elsewhere in the province, prices are even higher. In Cape Breton, the regular self-service minimum for gasoline has risen to 177.5 cents and diesel is now 192.1 cents.

— with files by Alex Cooke

© 2022 Global News, a division of Corus Entertainment Inc.

https://globalnews.ca/news/8660995/nova-scotia-gas-prices-record-interrupter/ Gas prices in Nova Scotia hit a new record, rising 8.7 cents after the breaker was called – Halifax

Brian Lowry

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