Money
JAM | May 26, 2023

Jamaican pump prices inch higher after weekly Petrojam update

/ Our Today

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Jamaican motorists and business interests will pay incrementally more at the pumps this week, following the latest baseline price update by state-owned refinery, Petrojam.

Petrojam, in its closely watched petroleum product price index, advised that 87-octane gasolene will sell for $1.26 (or roughly five per cent) higher effective May 25, closing at J$168.65 per litre.

What’s more, the price increase are largely consistent for most products on Petrojam’s index, with the exception of propane, whose cost fell by a marginal 25 cents for a second-consecutive week .

The biggest single jumps were recorded for 87-octane and 90-octane gasolene, which rose by $1.26 respectively.

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

See breakdown of prices below:

ProductPrice per unit (effective May 25, 2023)Price change (from last week)
Gasolene 87$168.65$1.26 ($167.39)
Gasolene 90$172.17$1.26 ($170.91)
Auto diesel$170.12$0.25 ($169.87)
Kerosene$180.97$0.05 ($180.92)
Propane$59.60-$0.25 ($59.85)
Butane$67.58$0.05 ($67.53)
ULSD$180.87$0.16 ($180.71)

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