The price of diesel has once again jumped significantly, as the global market price of oil continues to skyrocket.
The Nova Scotia Energy Board invoked an interrupter at 12:01 a.m. Saturday, setting the price of self-serve diesel at 240.3 cents per litre in Halifax. That is an increase of 10.5 cents.
“Gasoline and diesel markets are global in nature and trade internationally 24 hours a day,” the NSEB says on its website. “News and information on economic factors, geo-political concerns or weather systems can have an immediate impact on these markets.”
The biggest influence has come since the U.S. and Israel began strikes on Iran. Disruptions in the Strait of Hormuz, one of the world’s most important oil checkpoints, according to the U.S. Energy Information Administration, have caused global oil prices to well exceed $100 per barrel.
Since the war began on Feb. 28, the price of diesel in Halifax has jumped 56.7 cents.
The price of regular gasoline did not change on Saturday. It remains at 174.4 cents per litre.
The price of regular gasoline increased 5.7 cents in the Halifax area at the NSEB last regular adjustment Friday.
