Petrojam increases baseline rates on petrol, prices fall for other products
Gavin Riley / Our Today
administrator
Reading Time: < 1minuteAerial view of state-owned Petrojam refinery in Kingston, which regulates oil and gas prices in Jamaica. (Photo: petrojam.com)
While State-owned refinery Petrojam reduced prices for several products this week, Jamaican consumers will still be digging deeper in their pockets for petrol effective Thursday (May 12).
Petrojam, in its petroleum product price index, advised that 87 octane gasoline will sell for $4.50 higher than last week, closing at J$202.64 per litre.
The price increase is consistent for 87 and 90 octanes, though Petrojam’s index noted marginal drops in costs for automotive diesel, kerosene, propane, butane and ultra-low sulphur diesel (ULSD), which was updated on May 11.
It is expected that retailers will add their mark-ups to the announced prices.
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