Petrojam breaks 4-week price creep, but fortunes mixed at the pumps
/ Our Today
administrator
Jamaican industry and the motoring public will come to contend with a mixed outlook this week, following the latest pricing regimen by State-owned refinery, Petrojam.
Costing $3.06 less effective midnight today (February 8), 87-octane gasolene will open at a baseline price at $168.20 per litre, before applied taxes.
The price slash was mostly consistent across Petrojam’s closely watched petroleum product price index, ending a four-week rise since January 1.
This week’s reduction was most pronounced for 87- and 90-octane gasolene as well as heavy fuel oil (HFO), which each fell by J$3.06.
On the other hand, prices for propane and butane rose for a second consecutive week, up $3.06 and $2.36.
It is expected retailers will add their respective mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective February 8, 2024) | Price change (from last week) |
| Gasolene 87 | $165.14 | -$3.06 ($168.20) |
| Gasolene 90 | $171.24 | -$3.06 ($174.30) |
| Auto diesel | $176.25 | -$0.02 ($176.27) |
| Kerosene | $182.80 | -$1.75 ($184.55) |
| Propane | $78.41 | +$3.06 ($75.35) |
| Butane | $85.68 | +$2.36 ($83.32) |
| ULSD | $181.90 | -$0.02 ($181.92) |
| HFO | $119.10 | -$3.06 ($122.16) |
| Asphalt | $126.28 | +$0.93 ($125.35) |
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