Gas, diesel prices in N.S. elevated again after weekly adjustment

CITYnews halifax / By Steve Gow

There has been another increase in the price of fuel in Nova Scotia.

As of midnight Friday, residents in Halifax will be paying at least 7.4 cents more for regular self-serve gasoline after the provincial regulator raised the minimum price to 191.7 cents per litre.

In its weekly adjustment, the Nova Scotia Energy Board also raised the minimum price for diesel to 215.5 cents, which amounts to a 2.5-cent increase.

Global pressures continue to play a role in the provincial regulator’s decisions, and this most recent jump comes as the June crude oil contract topped $105 per barrel to end the day Thursday.

This time last year, Nova Scotians were paying 1.39 per litre for both gas and diesel.

Iran has closed the Strait of Hormuz to oil tankers, keeping them pent up in the Persian Gulf and away from customers worldwide, while a U.S. Navy blockade is preventing Iran from selling its own oil. Prices surged overnight on worries that the war will affect the flow of crude for a long time.

With files from The Canadian Press