Thursday 26 November, 2020

All but one petroleum price again down this week

Motorists are continuing to see declining fuel prices as a result of favourable conditions on the world oil market and the appreciation of the Jamaican dollar against its United States counterpart.

For a sixth consecutive week, the state-owned oil refinery, Petrojam, has announced general price reductions in relation to petroleum products that are sold on the local market, but this time with one exception.

Effective on Thursday, 87 and 90-octane gasoline will be sold for $128.72 and $131.56 per litre, respectively, following a decrease of $1.83 each.

At the same time, automotive diesel fuel will be sold for $137.47 per litre, a decrease in price of $2.50, while ultra-low sulphur diesel will be sold for $141.55 per litre, down $2.63.

Meanwhile, kerosene is down $2.50, to $116.19 per litre.

Petrojam has also announced that propane liquid petroleum will be sold for $49.05 per litre, up by $0.63, and butane liquid petroleum will be sold for $54.73 per litre, down $0.24.

The marketing companies and retailers will add their respective margins to the prices from Petrojam.

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