Tuesday 25 September, 2018

Gas prices up again, reach new record high

Motorists will be faced with new record high prices for fuel when they fill up at the pumps on Thursday.

This follows the latest price increases announced by the state-owned oil refinery Petrojam on Wednesday and which will see 87- and 90-octane gasoline moving up by $0.31 to sell for $138.54 and $141.38 per litre, respectively.

An increase of $1.89 will see automotive diesel fuel being sold for $140.85 per litre, while ultra-low sulphur diesel will be sold for $145.27 per litre, following an increase of $1.75.

Meanwhile, kerosene has been increased by $1.30 and will be sold for $123.51 per litre, while propane liquid petroleum will be sold for $58.38 per litre, up by $1.35. Butane liquid petroleum will be sold for $65.37 per litre after an increase of $1.55.

Marketing companies and retailers will add their respective margins to these prices.

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