Gas drops 9 cents in N.S. with the interrupter clause being invoked tonight

Click to play video: 'Global News Morning Halifax: August 5'
Global News Morning Halifax: August 5
The online edition of Global News Morning with Alyse Hand and Eilish Bonang on Global Halifax – Aug 5, 2022

There was a big drop in gas prices in Nova Scotia early Friday.

Pump prices are down nine cents, with Nova Scotians now paying $1.73 per litre for regular self serve minimum for gasoline.

Cape Bretoners continue to pay the most for gasoline, at a minimum of $1.75 per litre.

This comes after a series of price drops in July. one month ago, Nova Scotians were paying nearly $1.93 per litre.

Friday’s drop brings the cost of gas in Nova Scotia at the lowest its been since April 15, when prices dropped to $1.68 per litre.

But, the price changes are set to change again overnight.

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The Nova Scotia Utility and Review Board said in a release early Friday afternoon it is invoking its interrupter clause to adjust the cost of gasoline in the province. It didn’t say whether the price will go up or down, but the change will take effect at midnight.

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“This change is necessary due to significant shifts in the market prices of gasoline and diesel oil,” read the release.

Diesel prices are also down as of Friday. Pump prices dropped by 6.1 cents to $1.79 cents per litre for regular self-serve minimum.

One month ago, the cost of diesel in Nova Scotia was nearly $1.95 per litre.

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Gas prices remain volatile around the world, fuelled by Russia’s war in Ukraine and the global rebound from the COVID-19 pandemic.

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