Nova Scotia Energy Board

Nova Scotia Energy Board We regulate energy utilities and other participants in the sector, and set the price of gasoline and diesel.

Read our Social Media Terms of Use here:https://nserbt.ca/sites/default/files/NSEB%20-%20Social%20Media%20Terms%20of%20Use.pdf

08/18/2026

Tune in at 9 a.m. today for the public hearing to review the reasonableness of NS Power’s actions before, during, and after the cybersecurity incident discovered in April 2025.

Issues to be considered include the collection and retention of customer information, measures implemented to mitigate risk to customers from fraud and identity theft, billing accuracy and estimations, customer communications, and other business and regulatory impacts.

The hearing is being streamed online using GoToWebinar. Register to listen here: https://attendee.gotowebinar.com/register/5889820364581086039

08/14/2026

We are a few days away from the start of the Board’s public hearing to review the reasonableness of NS Power’s actions before, during, and after the cybersecurity incident discovered in April 2025.

Issues to be considered include the collection and retention of customer information, measures implemented to mitigate risk to customers from fraud and identity theft, billing accuracy and estimations, customer communications, and other business and regulatory impacts.

The hearing will be streamed online using GoToWebinar. Register to listen here: https://attendee.gotowebinar.com/register/5889820364581086039

📄 Read the full Terms here: https://nserbt.ca/sites/default/files/NSEB%20-%20Social%20Media%20Terms%20of%20Use.pdf
08/13/2026

📄 Read the full Terms here:https://nserbt.ca/sites/default/files/NSEB%20-%20Social%20Media%20Terms%20of%20Use.pdf

The Board is not allowed to publicly disclose gas and diesel prices before they come into effect. That includes disclosi...
08/12/2026

The Board is not allowed to publicly disclose gas and diesel prices before they come into effect. That includes disclosing whether prices will go up or down, and by how much.

It is illegal for a wholesaler, wholesaler-retailer, or retailer to disclose prices in advance, as that would violate Section 21 of the Petroleum Products Pricing Regulations.

Learn more here: https://nserbt.ca/nseb/mandates/gasoline-diesel-pricing/frequently-asked-questions-faqs

The interrupter is a tool the Board can use to adjust pump prices outside of the normal weekly (Friday) price-setting sc...
08/05/2026

The interrupter is a tool the Board can use to adjust pump prices outside of the normal weekly (Friday) price-setting schedule.

The interrupter is needed because gasoline and diesel are traded on international markets 24 hours a day. Major economic news, political events, or weather systems, etc., can cause sudden price swings or supply issues.

When these rapid changes occur, the Board may "interrupt" fuel prices (i.e. adjust them outside of the regular schedule) to help maintain fair pricing and protect fuel supply.

The Board typically uses the interrupter if the price of refined gasoline or diesel, as traded on the New York Mercantile Exchange (NYMEX) and converted to Canadian dollars, changes by at least six cents per litre relative to the benchmark for more than one day. That’s why an interruption always takes place a day or two after the initial market price movement.

Lear more here: https://nserbt.ca/nseb/mandates/gasoline-diesel-pricing/frequently-asked-questions-faqs

The Board calculates a new benchmark price for gas and diesel every Friday, or more often if market prices change sharpl...
07/27/2026

The Board calculates a new benchmark price for gas and diesel every Friday, or more often if market prices change sharply. It monitors the market every day and may set a new price at any time.

When a change in prices is coming, wholesalers, wholesaler-retailers, and retailers receive notice by no later than 2 p.m. the day before. New prices typically kick in at 12:01 a.m. the next morning.

Learn more here: https://nserbt.ca/nseb/mandates/gasoline-diesel-pricing/frequently-asked-questions-faqs

To set prices, the Board begins by determining the benchmark price, which at present is a calculation of how refined gas...
07/20/2026

To set prices, the Board begins by determining the benchmark price, which at present is a calculation of how refined gasoline and diesel have been trading on the New York Mercantile Exchange (NYMEX) market since the last time prices were adjusted.

The benchmark price is calculated by averaging the daily average high and low prices reported in the market for each fuel type since the last adjustment and then converting those average prices into Canadian dollars.

The retail price paid at the pumps is the sum of the benchmark price plus the following required components:

• a mark-up for wholesalers and retailers
• a charge to comply with federal Clean Fuel Regulations
• a transportation allowance
• a winter blending allowance (diesel only, when applicable)
• taxes

Additionally, the Board can apply a Forward Averaging Correction to ensure the regulated wholesale margin is achieved over time, or to smooth out the ups and downs of fuel prices. This correction may add or subtract to the cost of fuel.

In Nova Scotia, there is no maximum price for gasoline or diesel at full-service stations.

Learn more here: https://nserbt.ca/nseb/mandates/gasoline-diesel-pricing/frequently-asked-questions-faqs

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1601 Lower Water Street, 3rd Floor
Halifax, NS
B3J3P6

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm

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