JM | Feb 2, 2023

Mixed outlook at the pumps after latest Petrojam update

/ Our Today

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RUBiS Jamaica’s Hagley Park Road service station in St Andrew. (Photo: Facebook @rubisjamaica)

Marginally fluctuating baseline prices offer little change for Jamaicans starting today (February 2), as the State-owned refinery, Petrojam, announced this week’s update.

Petrojam, in its latest petroleum product index, shaved $0.25 off 87-octane gasolene prices, which now close at J$167.66 as of Thursday.

The meagre price cuts were consistent for most of Petrojam’s other commonly sought products excluding propane, which rose $3.00 this week.

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

See breakdown of prices below:

ProductPrice per unit (Effective February 2, 2023)Price change (from last week)
Gasolene 87$167.66-$0.25 ($167.91)
Gasolene 90$171.63-$0.25 ($171.88)
Auto diesel$210.34-$3.00 ($213.34)
Kerosene$218.79-$0.25 ($219.04)
Propane$71.11$3.00 ($68.11)
Butane$75.95-$0.25 ($76.20)
ULSD$221.01-$0.25 ($221.26)

Oil and gas prices in Jamaica have somewhat stabilised thus far into the new year, with 87-octane gasolene falling to $158.91 on January 12, 2023—a 13-month low.

The last time baseline prices dropped below $160 was the December 9, 2021 update of Petrojam’s pricing scale. At the time, 87-octane gasolene opened at $159.19.


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