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Gas prices up by 15 cents 

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MOBIL Oil Marianas and Shell Marianas raised their gasoline prices last week by 15 cents a gallon and the price of diesel by 10 cents a gallon.

The regular gas price is now $3.53 a gallon; supreme, $3.98 a gallon; and diesel, $3.86 a gallon.

This was the third time fuel prices went up since the last fuel price rollback.

 

The Mobil Oil branch on Msgr. Guerrero Road in Chalan Kiya displays its new fuel prices. Photo by Emmanuel T. Erediano

Motorist and lawyer Mike Evangelista does not think there is a reason for oil companies to raise their prices since the demand for fuel has been down since last month.

He said it is also “bad timing” to increase prices these days “when a lot of people are losing jobs and income due to Covid-19 pandemic.”

Following a series of fuel price rollbacks, the price of regular gasoline went down to $3.08 before it was increased to $3.28 a gallon and then to $3.38 a gallon last month.

The governor’s price-freeze directive took effect when the regular gas price was $3.93 a gallon.

According to Arab News, crude oil prices on Friday surged on international markets after the OPEC+ alliance, led by Saudi Arabia and Russia, reached a deal to continue supply limits at their present historic level.

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