Price of Gas Down 5.1 Cents
The price of gas took a big drop overnight after the Utility and Review Board invoked the interrupter clause to make an early adjustment to gas prices.
Gas fell by 5.1 cents a litre and now goes for a minimum of $1.05 in Cape Breton.
The price of diesel remains unchanged at a minimum of 98.1 cents a litre.
The UARB uses the interrupter clause to respond to sudden and significant changes in petroleum prices.
Global markets took a hit yesterday after a stock market crash in China—the world’s second biggest oil consumer.
Oil prices tumbled as a result, but had regained some ground late in the day.
The last time the UARB used the interrupter clause was in March when the price of diesel was slashed by 6.4 cents a litre.
It was last used to adjust the price of gas in February.