Utility and Review Board to invoke interrupter clause overnight

Gas pump

The Nova Scotia Utility and Review Board (UARB) says it will invoke the interrupter clause to adjust the price of gas and diesel at midnight.

A release states the change, which is outside the weekly price reset that occurs at midnight on Fridays, is necessary due to "significant shifts in the market prices of gasoline and diesel oil".

There is no word on whether prices will go up or down.

The UARB says the benchmark price of gas and diesel is based on an average of the daily market price for refined product on the New York Mercantile Exchange, converted into Canadian dollars.

The price paid at the pump is the benchmark price with wholesale margin, retailer markup, transportation allowance, cost of carbon, an adjustment for retail margin, and taxes added.

Regular self-serve gasoline currently sits at a minimum price of $1.744 per litre in the Truro area, while diesel sits at a minimum price of $1.805 per litre.