Nova Scotia Gas price Hike

WHEN WILL IT GO DOWN TO NORMAL-
Nova Scotia gas prices shot up by more than six cents per litre overnight as the Nova Scotia Utility and Review Board invoked the price interrupter for the first time in more than two years.
Service stations in Halifax and other areas began charging 6.4 cents more per litre at midnight, while the price in some other zones increased by 6.5 cents. Will it ever be removed I ask? Did it ever go down last time it was used.

A URB press release blames the change on “significant shifts in the market price of gasoline.”
After the price increase, the lowest minimum price for gas rose to 99.8 cents per litre in the Halifax area. The most expensive minimum price is in Cape Breton at 101.8 cents per litre.

Diesel prices are not changed.

The URB said their weekly price adjustment, which happens regularly at 12:01 a.m. Fridays, is still expected to occur this week in addition to the price interruption.

According to the Petroleum Products Pricing Act and Regulations, the interruptor enables the URB to respond to significant, sudden price changes in pretroleum products.
“The Board will consider using the ‘Interrupter’ for a petroleum product when the market price for that product fluctuates by a range of plus or minus six-to-eight Canadian cents per litre versus the weekly benchmark price set by the Board,” according to the URB web site.

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