Petrojam further loosens strain as pump prices tumble for a third week
/ Our Today
administrator
State-owned refinery, Petrojam, has slashed pump prices for a third-straight week, offsetting welcomed savings for Jamaican industry and the motoring public.
Petrojam, in its closely watched petroleum product price index, advised that 87-octane gasolene falls by $3.06 effective midnight Thursday (May 9), to open at a new baseline price of J$174.44.
Owing to price volatility induced by ongoing international conflict, this week’s cost reduction was largely consistent across the Petrojam index—being the most pronounced in 87-octane gasolene, kerosene oil and automotive diesel—revised downward by $4.50 and $4.47 respectively.
Asphalt, on the other hand, reverted to an upward price rise this week, up 96 cents in comparison to the past seven days.
It is expected retailers will add their respective mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective May 9, 2024) | Price change (from last week) |
| Gasolene 87 | $174.44 | -$4.50 ($178.94) |
| Gasolene 90 | $182.18 | -$3.06 ($185.24) |
| Auto diesel | $173.46 | -$4.47 ($177.93) |
| Kerosene | $173.99 | -$4.15 ($178.14) |
| Propane | $64.89 | -$3.06 ($67.95) |
| Butane | $72.17 | -$3.06 ($75.23) |
| ULSD | $179.65 | -$4.50 ($184.15) |
| HFO | $126.19 | -$1.50 ($127.69) |
| Asphalt | $131.67 | +$0.96 ($130.71) |
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