Mixed outlook at the pumps after latest Petrojam update
/ Our Today
administrator
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:
| Product | Price 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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