HALIFAX – The province will examine whether the Nova Scotia Utility and Review Board should automatically reset gas prices during swings in the market rather than merely having the option.
Premier Darrell Dexter says it makes sense to do a review considering the big price drop in New Brunswick last week.
At midnight Wednesday, the price dropped to $1.24.7 in the Halifax area, a decrease of 8.1 cents per litre.
Last Thursday, New Brunswick’s regulator dropped the maximum price by 3.5 cents a litre, then used its interrupter clause to decrease it another 8.3 cents the next day.
It left Halifax drivers paying an average $1.32.8 for a litre of regular self-serve gasoline, while the price in New Brunswick was $1.22.
Nova Scotia’s review board used the interrupter clause for the first time to adjust gas prices on Wednesday.
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