Motorists queue up at the Beechwood Avenue service station of fuel and energy company Fesco Jamaica. (Photo: Google.com | Future Energy Source Company)
Jamaican motorists and industry giants benefit from another wave of savings this week, as state-owned refinery, Petrojam, unveils the latest update to its pricing regimen.
Effective today (March 23), 87-octane gasolene will cost $3.06 less than its baseline price from the week prior. The product now opens at $164.76 per litre.
The price cuts were consistent across Petrojam’s closely watched petroleum product price index, with the decrease most pronounced for automotive diesel, butane, propane, kerosene and ultra-low-sulphur diesel.
While being the second consecutive week of reprieve, retailers are expected to add their respective mark-ups to the announced prices.
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