Recently, there has been a slight decline in gasoline prices across Nova Scotia. This change was implemented on Friday morning, reflecting the province's ongoing efforts to adjust fuel costs based on market conditions.

The Nova Scotia Utilities and Review Board announced its weekly price adjustment, resulting in a decrease of 0.8 cents per liter for gasoline, setting the new minimum price at 163.0 cents per liter. This modification is part of the board's regular review process, which aims to align fuel prices with fluctuations in the global oil market.

Additionally, the price of diesel has also seen a reduction. The cost of diesel fuel was lowered by 1 cent, now standing at 191.6 cents per liter. This adjustment highlights the board's responsiveness to changes in various fuel sectors, benefiting consumers across the province.

To provide some context, comparing the current prices to those from one year ago reveals a notable difference. Twelve months prior, in the same period, consumers were paying approximately 161 cents for gasoline and 193 cents for diesel. This indicates a change in the pricing landscape for fuel in Nova Scotia, suggesting a trend of decreasing prices over the past year.

Such adjustments in fuel prices are significant for the residents of Nova Scotia, especially in light of the economy’s overall performance and the ongoing global energy trends. As fuel prices fluctuate, it can greatly impact household budgets and transportation costs, making these weekly updates crucial for consumers.

In summary, the recent adjustments to gasoline and diesel prices in Nova Scotia reflect the board’s commitment to monitoring and regulating fuel costs. With the new minimum prices set at 163.0 cents for gasoline and 191.6 cents for diesel, local consumers may find some relief compared to the prices from the previous year. This ongoing review process aims to provide fair and transparent pricing for the residents of Nova Scotia.