HALIFAX – Gas prices have been taking a nosedive within New Brunswick and even Prince Edward Island as a result of the continuing decrease in the cost of crude oil.
Gasoline is actually down 11.5 for each litre in Prince Edward Island, bringing in the new rate to 83.3 cents for every litre.
Diesel went down by 3.5 per litre, currently being offered at a price of 98.2 per litre.
Throughout New Brunswick, the rate of self-service gas went down 16.9 per litre, to a cost of 93.3 per litre.
The price tag regarding diesel is the same, sitting at $116.1 for each litre.
The cost modifications for New Brunswick, Prince Edward Island has been followed by a comparable decrease in Nova Scotia soon after the Energy and Review Panel conjured up the interrupter provision law.
Tuesday, the cost of all self-service stations fallen by 9.7 per litre to a brand-new low of 79.4 inside the Halifax region.
The sharp decrease in gasoline rates arrives as fossil oil prices go down to their all-time low in 4 years.
Demand for motor oil has fallen significantly all over the planet as companies shut down, and travelling is brought nearly to a dead stop as a result of worries regarding the spreading of COVID-19, even though supply is increased due to a price war among Saudi Arabia and Russia.
