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JM | Aug 4, 2022

As Petrojam updates pricing regimen today, J’can motorists ‘save’ $2.03 over two months

Gavin Riley

Gavin Riley / Our Today

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As oil prices plummet globally, State-owned Jamaican refinery Petrojam is today (August 4) updating its cost regimen with another slate of ‘next-to-nothing’ cuts.

Petrojam, for eight straight weeks, has shaved 27 cents off its base price for 87-octane gasoline, which now closes at J$213.86, effective Thursday.

The marginal decrease was consistent for nearly all major items on Petrojam’s petroleum product index, with the exception of propane, which rose by 62 cents.

It marks a ‘savings’ total of J$2.03 for Jamaican motorists at the pumps, following a wave of anaemic price cuts by Petrojam. The refinery’s last increase was in June 2022.

It is expected that retailers will add their mark-ups to the announced prices.

See breakdown of prices below:

ProductPrice per unit (Effective August 4, 2022)Price change (from last week)
Gasoline 87$213.86-$0.28 ($214.14)
Gasoline 90$218.88-$0.27 ($219.15)
Auto diesel$229.26-$0.25 ($229.51)
Kerosene$203.55-$0.25 ($203.80)
Propane$67.71$0.62 ($67.09)
Butane$75.31-$0.25 ($75.56)
ULSD$231.99-$0.25 ($232.24)

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