Next-to-nothing? Pump prices drop for third-straight week
/ Our Today
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Total Enegeries’ Old Harbour service station in St Catherine is abuzz with activity in this pre-dawn photo as motorists get their fill of fuel under the watchful eye of pump attendants. (Photo: Total Energies Jamaica)
State-owned refinery, Petrojam, unveiled a regimen of marginal price cuts for a third consecutive week, effective midnight Thursday (August 21).
In its closely watched petroleum product price index, Petrojam reduced 87-octane gasolene by an anaemic 12 cents, opening at a revised baseline of J$159.16.
The next-to-nothing price cuts were consistent across Petrojam’s fuel index, excluding propane and asphalt, which rose 49 cents and 44 cents respectively.
It is expected that retailers will add their respective mark-ups to the announced prices.
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