Pump costs tumble this week after updated Petrojam pricing scheme
/ Our Today
administrator
Jamaican industry and the motoring public will benefit from a needed reprieve this week, as State-owned refinery, Petrojam, unveils a pricing reduction for nearly all commonly sought commodities.
In its closely watched petroleum product price index, Petrojam lowered 87-octane gasolene prices by J$3.06 effective midnight Thursday (November 2)—to open at a new baseline of J$179.96 per litre, after applied taxes.
Effectively reducing last week’s price hike, the pricing reversal was more pronounced for automotive diesel which fell J$4.50 lower than seven days prior, followed closely behind by cuts to the prices of 87-octane, 90-octane, heavy fuel oil and ultra-low sulphur diesel.
It is expected that retailers will add their mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective November 2, 2023) | Price change (from last week) |
| Gasolene 87 | $179.96 | -$3.06 ($183.02) |
| Gasolene 90 | $186.03 | -$3.06 ($189.09) |
| Auto diesel | $184.37 | -$4.50 ($188.87) |
| Kerosene | $194.52 | -$0.25 ($194.77) |
| Propane | $67.96 | -$0.25 ($68.21) |
| Butane | $76.41 | +$0.22 ($76.19) |
| ULSD | $193.42 | -$3.06 ($196.48) |
| Asphalt | $128.50 | -$0.25 ($128.75) |
| HFO | $131.58 | -$3.06 ($134.64) |
Comments