Low octane gas price to be frozen Minister
The price of 91 octane gas, will fall a couple of cents on Saturday, April 23 and be frozen at $4 a gallon. Diesel will be frozen at $3.80 a gallon.
But if you use 95 octane stand by for a hike on Saturday to $4.50 with more increases likely to follow.
The Minister of Trade and Industry, Roberto Henriquez, made the announcement on Sunday, April 16, in the Open Debate program on RPC Chanel 4.It had previously been forecast that fuel priceswouild increase by around 11 cents a gallon on April 23 and, , the Government decided to intervene.
The current price at the pumps for a gallon of 91 octane is at $ 402 and with the forecast increase qould have reached at $.4.13.
A gallon of diesel is $ 3.81 with a projected increase of 16 cents, which wopuld have meant $3.97. at gas stations.The government will keep the price at $3.80.
The price of 95 octane gasoline will rise, said Henriquez, to a record high of of $ 4.50, and the law of supply and demand will operate.