Wednesday 16 January, 2019

Automotive fuels, kerosene prices up significantly

The state-owned oil refinery, Petrojam, has announced that the prices of 87 and 90 octane gasoline have been increased by $2.29 each, and will be sold for $129.83 and $132.67 per litre, respectively as of Thursday.

At the same time, Petrojam has announced that automotive diesel oil will go up by $3.10 per litre, to sell for $127.70.

Meanwhile, the price of kerosene has seen an increase of $3.10, and will be sold for $110.73 per litre.

Propane cooking gas will see a decrease of $0.38 per litre, to sell for $46.69, while butane will move up by $0.09, to sell for $50.57.

“Movements in Petrojam’s product prices are reflective of changes in the prices of the relevant petroleum products within the US Gulf Coast (USGC) Region,” Petrojam said in a release on Wednesday.

It added that “Over the past few weeks, prices have generally been increasing, influenced by the market’s reaction to the recent announcement by the United States of sanctions re-imposed on Iran.”

Retailers and marketing companies will add their respective margins to the announced prices from Petrojam.

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