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Gasoline price up 10 cents

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THE prices of gasoline and diesel went up by 10 cents and 15 cents per gallon.

An employee enters the Mobil service station store on Middle Road, Thursday.  Photo by Emmanuel T. Erediano

Mobil Oil Marianas raised its prices on Wednesday while Shell Marianas followed suit on Thursday.

From $4.039 a gallon, the price of regular gasoline is now $4.13 a gallon while the price of supreme, which was $4.48 a gallon, is now $4.58 a gallon.

The price of diesel went up to $4.56 from $4.41 a gallon.

This is the first gas price hike of the year and the second since the CNMI government lifted its price-freeze declaration in Oct. 2019. The price freeze was implemented after Gov. Ralph DLG Torres issued a major disaster and state of significant emergency in the aftermath of Super Typhoon Yutu in Oct. 2018.

Acting Speaker Lorenzo I. Deleon Guerrero said he doesn’t believe the situation in the Middle East right now has something to do with the gas price hike, referring to the rising U.S-Iran tensions.

He said he doesn’t like it when gas companies increase prices just “for the sake of increasing them,”

He said the CNMI government should perhaps consider a price freeze again.

Rep. Roman Benavente agreed, saying that even with the rising tensions in the Middle East, gas companies should still have enough supply of oil.

The situation in the Middle East, he added, “should not be a reason to make gasoline more expensive.”

On Guam, the price of gasoline is also up by 10 cents per gallon — $4.25 from $4.15.

The BBC reported that “while oil prices had jumped to an almost four-month high overnight, they fell back during trade on Wednesday.”

But “despite that pullback, oil prices remain nearly 25 percent higher over the last 12 months, due in part to rising tensions in the Middle East.”

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