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Shell lowers fuel prices anew
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Posted on Jan 07 2005
Shell gas stations on Saipan rolled back pump prices anew by up to 7 cents a gallon effective last midnight.
Shell Marianas president Phil Stalker attributed the rollback mainly to reduced cost of refined product.
“Due to the easing of the worldwide price of oil, and more importantly a lowering of the cost of refined product, we are pleased to announce that we have once again lowered the price of our [pump prices],” Stalker said. “As we have repeatedly committed, as the price of product is reduced, we will pass on savings to our customers.”
Shell reduced gallon prices of regular gasoline and diesel by 7 cents, and that of premium gasoline by 5 cents.
Before the rollback, regular and premium gasoline prices were at $2.689 and $2.789, respectively, at full-serve rate. The gallon price of diesel was at $2.749, while self-serve rates of regular and premium gasoline were at $2.559 and $2.669.
The new price adjustment would make the gallon prices of regular and premium gasoline $2.619 and $2.739 at full-serve rate, while the price of diesel will be $2.679 per gallon. Self serve-rates for regular and premium gasoline are now $2.489 and $2.619 per gallon.
Shell has implemented at least four fuel price rollbacks since November last year after a series of price increases that pushed up pump prices to nearly $3 per gallon.
Shell first rolled back pump prices by up to 5 cents a gallon sometime last November after successive increases in fuel prices during the year. In December, Shell lowered its prices twice.
