Gas prices down 30 cents

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MOBIL Oil Marianas and Shell Marianas have rolled back the prices of gasoline and diesel by 30 cents.

The new fuel prices are displayed at the Mobil Oil Marianas service station on Middle Road in Garapan on Tuesday.  Photo by Emmanuel T. Erediano

This is the third time fuel prices went down this year. The previous rollbacks happened in January by 10 cents and then earlier last month, also by 10 cents.

Two days after the second rollback, Gov. Ralph DLG Torres signed Executive Order 2020-03, which imposed a price freeze on basic commodities including gasoline and diesel.

As a result of the rollback on Friday last week, the price of regular gasoline went down to $3.63 a gallon from $3.93 a gallon; premium to $4.08 from $4.38 a gallon; and diesel to $4.01 from $4.31 a gallon.

In an interview, House Committee on Public Utilities, Transportation and Communication Chairman Marco Peter said the 30-cent rollback is a big help not only for individual consumers but also for the government, particularly the Commonwealth Utilities Corp., and businesses.

He noted that everyone in the community is affected by the Covid-19 pandemic “so everyone needs to hear some good news like this.”

He added, “A lot of employees both from government and private sector have lost income big time, which makes it difficult for them to make both ends meet. Lower prices of basic commodities will somehow cushion the impact.”

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