Business
Jamaica: Pump prices increases under review
The Jamaican government is looking into mechanisms used by Petrojam for calculating the price of petroleum products.
The Petrojam’s website showed that prices of E10 (87) gasoline have increased at the pumps every week since December 22 last year, moving from $93.72 (US$ 1.08) then to $100.28 (US$ 1.15 ) at present.
Meanwhile, E10 (90) and diesel fuel showed similar increases, moving from $95.37 (US$ 1.10) and $98.91 (US$ 1.14) respectively on December 22 last year to $101.93 (US$ 1.17) and $103.93 (US$ 1.20) today.
A source in the Ministry of Science, Technology, Energy and Mining, who preferred anonymity, said the matter was engaging the attention of Minister Phillip Paulwell. He met with representatives of the Jamaica Gasoline Retailers Association, and the Jamaica Association of Petroleum Marketers separately yesterday.
