Price creep enters third week after latest Petrojam regimen update
/ Our Today
administrator
For a third consecutive week, prices will continue to trend marginally higher for Jamaican motorists and industry giants this week, following a cost revamp by state-owned refinery, Petrojam,
Effective midnight Thursday (January 25), 87-octane gasolene will cost $0.25 more than its baseline price from the week prior. The product now opens at $166.14 per litre, after applied taxes
The price increases, generally consistent across Petrojam’s closely watched petroleum product price index, were more pronounced for propane and butane, which will generally start selling J$2.30 and J$2.69 respectively.
On the other hand, prices for heavy fuel oil (HFO) and kerosene were the only commodity to fall over the past seven days, dropping $3.06 and $1.31 this week.
It is expected retailers will add their respective mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective January 25, 2024) | Price change (from last week) |
| Gasolene 87 | $166.14 | +$0.25 ($165.89) |
| Gasolene 90 | $172.24 | +$0.25 ($171.99) |
| Auto diesel | $173.21 | +$0.78 ($172.43) |
| Kerosene | $180.05 | -$1.31 ($181.36) |
| Propane | $75.82 | +$2.30 ($73.52) |
| Butane | $85.14 | +$2.69 ($82.45) |
| ULSD | $179.72 | +$0.25 ($179.47) |
| HFO | $119.34 | -$3.06 ($122.40) |
| Asphalt | $125.22 | +$0.18 ($125.04) |
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