Motorists in Nova Scotia are facing an increase in fuel prices as of Friday morning. The Nova Scotia Energy Board has announced its weekly price adjustment, resulting in a rise in the cost of self-serve regular gasoline and diesel fuel.

The price for self-serve regular gasoline has been raised to 138 cents per litre, reflecting an increase of 1.6 cents from the previous week. This price adjustment is part of the board's annual review that typically takes place to ensure that fuel prices align with the current market conditions.

Diesel fuel has seen an even more notable increase, with prices surging by 6.3 cents to reach 187.2 cents per litre at midnight. This significant jump indicates the ongoing volatility in the fuel market, which has been affected by various global factors, including supply chain issues and fluctuations in crude oil prices.

For context, a year ago, on this same date, motorists were paying 158 cents for gasoline and 192 cents for diesel. The comparison underscores a trend of rising fuel costs, which consistently impact consumers and the broader economy.

This increase in fuel prices affects not only individual motorists but also businesses reliant on transportation, as the cost of fuel is a significant expense that can be passed along to consumers in the form of higher prices for goods and services. The implications of fuel price adjustments reverberate throughout the economy, often leading to discussions about energy consumption and sustainability.

In summary, with the latest price adjustments, Nova Scotia is experiencing a continuous upward trend in fuel prices, which are indicative of larger economic conditions affecting the energy market. Motorists will need to adjust their budgets accordingly as they confront these increased costs at the pump.