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JAM
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Jul 19, 2023
Jamaican pockets bleed deeper ahead of revamped Petrojam commodity prices
/ Our Today
administratorReading Time: < 1 minute
Jamaican industry and motorists will be met with a second consecutive week of baseline price increases, following the latest benchmark updates from State-owned refinery, Petrojam.
Petrojam, in its closely watched petroleum product price index, advised that 87-octane gasolene would cost J$2.58 more effective midnight Thursday (July 20), opening at an introductory cost of J$170.95 per litre.
Price increases were consistent for all oil-based commodity products on the Petrojam index.
The cost hike was arguably the most pronounced for automotive diesel and its ultra-low-sulphur derivative, which each rose J$2.63 and J$3.06 respectively.
It is expected that retailers will add their mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective July 20, 2023) | Price change (from last week) |
| Gasolene 87 | $170.95 | +$2.58 ($168.37) |
| Gasolene 90 | $175.45 | +$3.06 ($172.39) |
| Auto diesel | $163.47 | +$2.18 ($161.29) |
| Kerosene | $173.47 | +$0.25 ($173.22) |
| Propane | $60.68 | +$3.06 ($57.62) |
| Butane | $68.21 | +$3.06 ($65.15) |
| ULSD | $171.57 | +$2.29 ($169.28) |
| Asphalt | $114.34 | +$0.60 ($113.74) |
| HFO | $118.63 | +$1.70 ($116.93) |
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