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Gas Price Review - Week Ending April 23, 2008

This week, PetroJam announced significant increases in the prices of 87, 90 Octane and Diesel. The price of 87 and 90 Octane moved up by $1.91 while the price of Diesel moved up by $1.14. This is continues a series of significant increases in ex-refinery prices announced by PetroJam in the last few weeks. This is a result of price of a barrel of Oil on the world market reaching record highs of over US $119. The announcement of increases in ex-refinery prices will result in increases of the price of 87, 90 Octane and Diesel at the pumps .

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

April 23 Last Week
Product(avg.) $ per litre $ per litre
87 67.86 -
90 72.21 -
Diesel 74.00 -

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.

April 17-April 23
Highest Price Lowest Price Difference
Product $ per litre $ per litre $ per litre
87 69.80 63.96 5.84
90 74.77 68.64 6.13
Diesel 76.11 72.52 3.59

source: Jamaica Gas Prices data .

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