Gasoline prices fell again in Nova Scotia, after the province’s public utilities commission invoked the shutdown clause for the fourth time in two weeks.
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Halifax residents now pay a minimum of 172.3 cents for regular self-service, reports the Global News.
Cape Breton residents pay the most for gasoline in the province, selling for 174.2 cents per litre.
According to the Nova Scotia Utilities and Review Commission, the discontinuance clause was invoked “due to significant changes in market prices for gasoline and diesel.”
The price of fuel remains volatile around the world, in part due to Russia’s invasion of Ukraine and the resulting sanctions against Russia.
The interruption clause is a mechanism that allows the utility and the review board to adjust gas prices in response to market fluctuations outside of the weekly price change.
According to the calendar of the interruption clauses of the Nova Scotia Utility And Review Boardthe first time in 10 years that the board has invoked the clause four times in two weeks.