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Gas Price Review - Week Ending November 28, 2007

This week PetroJam announced increases in the prices of 87, 90 Octane and Diesel. The price of 87 and 90 Octane move up by $0.21 while the price of Diesel moved up by $0.94. The announcement of ex-refinery prices should result in increases once again in the price of 87, 90 Octane and Deisel at the pumps .

Average Prices
The average price of 87 Octane, 90 Octane and Diesel are shown below.

Nov. 28, 2007 Last Week
Product(avg.) $ per litre $ per litre
87 $ 62.65 $ 64.31
90 $ 67.90 $ 68.85
Diesel $ 66.53 $ 65.96

source: Jamaica Gas Prices data .

Highs and the Lows

The prices ranges for 87 Octane, 90 Octane and Diesel respectively are shown below. As usual the high & lows continue to reveal wide variations in prices which means that it possible for motorists in Jamaica to make significant savings if they choose to wisely plan their gas purchases.

Week
Nov. 22-28
Lowest Price Highest Price Difference
Product $ per litre $ per litre $ per litre
87 $ 61.72 $ 63.38 $ 1.66
90 $ 64.9 $ 69.98 $ 5.08
Diesel $ 65.24 $ 68.83 $ 3.59

source: Jamaica Gas Prices data .

Pricing Model

There is now renewed talk coming from the Minister of Technology and Energy of reviewing the ex-refinery pricing model used by PetroJam. It is hope that this review will remove the fluctuations caused by certain conditions in United States that do not truly affect the price at which we get Oil. The Jamaica Gasoline Retailers seem to be in agreement with the review suggesting that it is long overdue.

While looking at alternatives and gas saving measures remember to bookmark and visit Jamaica Gas Prices (http://www.jamaicagasprices.com.jm) for the latest gas prices. Remember that you can submit prices too by using our submission system. It is all about users helping users save.

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