By James Piercey
Diesel prices continue to rise, which has had an effect on Haligonians. This past Saturday, Diesel prices were increased by 17 cents a litre. This increase brings the price to 253.4 cents. This increase only bundles up to the continuous increase in gas that has been ongoing for the last four days.
In a release put out Friday night by The Nova Scotia Utility and Review Board, they announced they plan to invoke an interrupter clause for diesel.
“This change is necessary due to significant shifts in the market price of diesel oil,” says the Nova Scotia Utility and Review Board, “The change will take effect at midnight. (Via Global News)”.
It also says in the press release that the interrupter clause that was put out Friday, will not change the price of regular gasoline.
The change in cost for diesel also comes from the Russia-Ukraine crisis because of the change of flow of the Global Supply Chain.
According to the World Bank, the price increases will be ongoing until 2024 for the next two years. This will prove to be problematic for people who drive and need to get places.
The continuous change in diesel prices also has an effect on farmers, truckers and most importantly, the distribution of goods and services.
Grocery stores are also suffering from the effects of high gas prices as well.
Nova Scotia isn’t the only province being affected by this, other Atlantic provinces are as well.
Rinzler’s is a local grocery store located in Moncton, New Brunswick. The owner, Jason Rinzler, says he has had to raise prices because of the rising cost for food production.
“Over the last several months we’ve received many notifications from suppliers letting us know that there would be price increases within the next several months,” says Rinzler, “ It’s still continuing and hopefully doesn’t get any worse. (Via Global News)”.
He also says he pays attention to customers and their different reactions to prices being raised. He says most significantly, the price for ground beef has been raised higher than normal.
Due to the uncertainty of many factors involved, Atlantic Provinces Trucking Association president Jean-Marc Picard says it is difficult to determine what the impact of rising gas prices will have on the trucking industry.
“There’s a lot of uncertainty with the global situation right now so if this keeps up for three to six months, then yeah, it’s certainly going to impact a lot of things,” says Picard. (Via Global News).
Source: Release