The price of regular self-serve gasoline in Halifax increased 6.7 cents on Saturday, as the Nova Scotia Energy Board invoked an interrupter.
It is the fourth time an interrupter has been invoked so far in March.
The Energy Board said it has chosen to prescribe a new benchmark as a result of “significant changes in the price of petroleum products.”
As of 12:01 a.m., customers can expect to see 168.7 cents per litre at the pumps.
Diesel prices also jumped 8.9 cents at midnight to 220 cents.
The spikes at the pump are partly a result of the market price of oil, which has skyrocketed since the intensification of conflicts in the Middle east. Oil prices have soared nearly 40 per cent hovering near $100 per barrel.
One year ago Nova Scotians were paying 155.3 cents for gasoline and 179.1 cents for diesel.
