Money
JM | Jun 15, 2022

Mixed outlook as Petrojam updates pricing regimen

Gavin Riley

Gavin Riley / Our Today

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Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$100” in this illustration taken February 24, 2022. (Photo: REUTERS/Dado Ruvic/Illustration)

A mixed outlook awaits consumers tomorrow (June 16), as State-owned refinery Petrojam advised of its latest update to the closely watched pricing regimen.

Petrojam, in its petroleum price index released today, indicated that 87 octane gasoline will sell for 25 cents lower than last week, closing at J$215.64 per litre.

The marginal decrease was consistent for 87 and 90 octane gasoline as well as propane and butane. On the other hand, automotive diesel, its ultra-low-sulphur counterpart and kerosene all recorded price hikes, which take effect on Thursday.

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

See breakdown of prices below:

ProductPrice per unit (Effective June 16, 2022)Price change (from last week)
Gasoline 87$215.64-$0.25 ($215.89)
Gasoline 90$220.65-$0.25 ($220.90)
Auto diesel$223.01$4.50 ($218.51)
Kerosene$197.30$4.50 ($192.80)
Propane$74.75-$2.19 ($76.94)
Butane$84.83-$1.04 ($85.47)
ULSD$225.74$4.50 ($221.24)

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