Are the Jamaican Taxi Operators being fair? Some Taxi operators in Jamaica have been restless since the announcement of the $7 increase in special consumption tax (SCT) on gasoline. The demands have come that taxi operates will need a fare increase. However is this request for fare increase fair? The table below shows the ex-refinery prices for May 13, 2106 vs. May [...]
Jamaican Gas tax goes up by $7 The Jamaican Government has increased the special consumption tax (SCT) on gasoline products by $7. This brings the SCT to $32.11, $32.88, $31.41 & $31.41 on 87, 90, diesel and Ultra-Low Sulphur Diesel respectively. The breakdown of fuel prices are shown below:
E10 87 Ex Refinery Price: 59.9692
E10 87 SCT: 32.11
E10 87 Ad Valorem SCT: [...]
Petroleum Company of Jamaica sold for J$2.3 Billion Petroleum Company of Jamaica (Petcom) has been sold for US$19 million (J$2.3 billion) to Phoenix Fuels and Accessories
Phoenix signed an agreement with the Development Bank of Jamaica on April 29, 2016 following nearly six months of negotiations.
In November 2015, Phoenix was identified as the preferred bidder, beating out rival bids from Rubis Caribbean Holdings and Sol Investments [...]
SOL Jamaica goes after LPG Market The Jamaica Gleaner is reporting that SOL Jamaica is to launch a LPG business while acquiring a Service Station network.
The market is controlled by three players at this time GasPro, IGL and PETCOM.
SOL Jamaica had recently failed in its bid to acquire the PETCOM brand, gas stations and LPG business, from the Government with the [...]