Tuesday 21 August, 2018

Another big jump in the price of gasoline

The price of gasoline will be increased by $2.79 per litre effective Thursday as geo-political tensions in the Middle East continue to push up the price of oil on the world market.

With the increase, 87 and 90 octane gasoline will be sold for $132.62 and $135.46 per litre respectively, according to the latest ex-refinery prices released by the state-owned oil refinery Petrojam.

At the same time, automotive diesel will move up by $2.91 per litre, to sell for $130.61 while ultra-low sulphur diesel will see an increase of $2.16 per litre, to sell for $135.76.

Kerosene will now sell for $113.29 per litre, after an increase of $2.57.

Propane cooking gas is up $2.60 per litre to sell for $49.29 while butane moves up by $2.14 to $52.71. 

Petrojam says the changes in product prices are reflective of changes in the movements within the US Gulf Coast Region.

Marketing companies will add their respective mark-up to the announced prices.