For a second consecutive week, Jamaican motorists will welcome another round of price cuts following the latest update from State-owned refinery Petrojam.
Petrojam, in its closely watched petroleum product index, reduced 87-octane gasolene prices by $2.50. As of today (March 2), 87-octane gasolene closes at a baseline price of J$165.51.
The price reduction was consistent for only 90-octane, automotive diesel and its ultra-low-sulphur diesel counterpart. Meanwhile, pockets will bleed further to cover increased costs for Petrojam’s other commonly sought products.
It is expected that retailers will add their mark-ups to the announced prices.
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