State-owned refinery Petrojam has ended a four-week reprieve on its baseline prices this week, resulting in Jamaican motorists and business interests paying marginally more at the pumps.
Petrojam, in its closely watched petroleum product price index, advised that 87-octane gasolene will sell for $3.06 (or roughly five per cent) higher effective May 18, closing at J$167.39 per litre.
What’s more, the price increase are largely consistent for most products on Petrojam’s index this week with the exception of propane and butane, whose costs fell 25 cents.
The biggest single jumps were recorded for 87-octane and 90-octane gasolene, which rose by $3.06 respectively.
It is expected that retailers will add their mark-ups to the announced prices.
See breakdown of prices below:
|Product||Price per unit (effective May 18, 2023)||Price change (from last week)|
|Gasolene 87||$167.39||$3.06 ($164.33)|
|Gasolene 90||$170.91||$3.06 ($167.85)|
|Auto diesel||$169.87||$0.25 ($169.62)|