Petrojam slashes pump prices for second week running
/ Our Today
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Cars filling up on petrol during Future Energy Source Company Limited’s (FESCO) grand opening of its Ferry service station on the border of St Andrew and St Catherine in July 2021. (Photo: Facebook @CooresFesco)
State-owned refinery, Petrojam, marginally reduced for a second straight week, offering some reprieve for the motoring public.
In its closely watched petroleum product price index, the refinery slashed 87-octane gasolene by J$1.06, to open at a new baseline of J$161.41 per litre effective September 18.
It was a mixed week across Petrojam’s fuel index, as though price cuts were felt at the pumps, the regimen change rose for all other commodities, which was steepest for propane and butane, respectively up J$4.05 compared to last week.
Retailers are expected to place their own markups on the introductory prices.
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