Gas prices in Halifax Regional Municipality (HRM) saw an increase on Friday, following a notable drop earlier in the week on April 1. The Nova Scotia Utility and Review Board announced its weekly adjustment at midnight, leading to a rise in the price of regular self-serve gasoline to 149.3 cents per liter.

This latest adjustment marks an increase of 2.8 cents compared to earlier in the week, when prices had decreased to 146.5 cents per liter. This previous drop was attributed to the elimination of the federal carbon tax, which came into effect on Tuesday, April 1.

While gasoline prices experienced a shift, the cost of diesel remained stable, holding at 161.2 cents per liter. In comparison, it is important to note that this time last year, prices were considerably higher, with regular gasoline retailing at 172.1 cents per liter and diesel at 188.1 cents per liter.

The fluctuations experienced in fuel prices underscore the dynamic nature of the energy market in Nova Scotia. The recent adjustments reflect broader trends influenced by fiscal policies, such as the federal carbon tax elimination, and the ongoing impact of global oil prices on local markets.

This most recent increase, despite the earlier drop, highlights the importance of monitoring fuel prices closely, as they can have significant implications for consumers and businesses alike. The increase of 2.8 cents could lead to higher overall costs for consumers in HRM, further affecting household budgets and transportation expenses.

In conclusion, the fuel price landscape remains volatile, and stakeholders in the region will need to stay informed about these changes, considering how they affect economic activity and the overall cost of living in HRM.