Jamaican motorists and business interests enjoy a continued reprieve for the third week running, as state-owned refinery Petrojam again announces sustained cuts in its baseline prices.
Petrojam, in its closely watched petroleum product price index, advised that 87-octane gasoline will sell for $2.40 (or roughly eight per cent) less effective today (May 4), closing at J$166.08 per litre.
On its current trajectory, pump prices nationwide could tumble to levels not seen this year since updates on January 5 and January 19.
Meanwhile, Thursday’s price cuts are consistent for most products on Petrojam’s index, with the biggest single drops recorded for butane, kerosene, automotive diesel and its ultra-low sulphur counterpart—all falling by $4.50 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 May 4, 2023) | Price change (from last week) |
| Gasolene 87 | $166.08 | -$2.40 ($168.48) |
| Gasolene 90 | $169.58 | -$2.50 ($172.48) |
| Auto diesel | $174.12 | -$4.50 ($178.62) |
| Kerosene | $185.17 | -$4.50 ($189.67) |
| Propane | $63.40 | -$2.90 ($66.30) |
| Butane | $70.68 | -$4.50 ($75.18) |
| ULSD | $184.96 | -$4.50 ($189.46) |
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