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JM | Aug 10, 2022

Petrojam announces big reprieve from crippling gas prices

Gavin Riley

Gavin Riley / Our Today

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Activity at the Texaco gas station in Papine, St Andrew. (Photo: Virtuoso Architect)

The motoring public and industry giants are collectively breathing a sigh of relief as State-owned refinery, Petrojam, unveiled sweeping cuts to its pricing regimen today (August 10).

Petrojam, in its latest petroleum product index, advised that the base price for 87-octane gasolene has been further reduced by J$4.50, now closing at J$209.36, effective tomorrow.

The cost cuts were consistent for all major items on Petrojam’s index, but less steep for kerosene and ultra low-sulphur diesel (ULSD), which are both priced $0.25 lower.

It marks a savings total of J$6.53 for Jamaican motorists over the last nine weeks at the pumps, following a wave of anaemic price cuts by Petrojam up to August 4. The refinery’s last increase was in June 2022.

It is expected, however, that retailers may add their mark-ups to the announced prices.

See breakdown of prices below:

ProductPrice per unit (Effective August 11, 2022)Price change (from last week)
Gasolene 87$209.36-$4.50 ($213.86)
Gasolene 90$214.38-$4.50 ($218.88)
Auto diesel$224.76-$4.50 ($229.26)
Kerosene$203.30-$0.25 ($203.55)
Propane$65.18-$2.53 ($67.71)
Butane$73.18-$2.13 ($75.31)
ULSD$231.74-$0.25 ($231.99)

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