Gas and diesel up on P.E.I., large jump in New Brunswick diesel

A Saint John, N.B., gas pump is pictured. (Avery MacRae/CTV News Atlantic)

Prices at the pumps have increased in New Brunswick and Prince Edward Island following more unscheduled adjustments due to escalating tensions in the Middle East.

Diesel prices jumped nearly 12 cents overnight in New Brunswick.

The price of diesel increased by 11.9 cents. The maximum price is now 216.2 cents per litre.

The price of regular self-serve gasoline in the province did not change. The maximum price remains 142.0 cents per litre.

The Prince Edward Island Regulatory and Appeals Commission approved increases effective at 2 p.m., Thursday.

The price of regular gasoline increased by 6.9 cents to a new minimum price of 161.1 cents per litre.

Diesel prices on the Island also increased by 6.9 cents. The new minimum price is 210.8 cents per litre.

The commission says the market is experiencing “high volatility.”

“As a result, petroleum prices have increased sharply throughout the week. While the Commission issued a pricing interruption on Tuesday, March 2 to respond to market fluctuations, the price of petroleum products has continued to increase as conflict has spread and intensified. This week’s pricing adjustment reflects these increases and the impact being felt on global markets,” reads a Thursday news release.

The price of gas and diesel did not change overnight in Nova Scotia, though there were large increases on Wednesday.

The next scheduled adjustment for all three Maritime provinces is Friday.