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Gas Price Review - Week Ending October 15, 2008

Petrojam once again announced reductions in the prices gas products. This week the reductions are very significant as $3.47 has been removed from the price of 87 and 90 octane and $3.71has been removed from the priced of Diesel.

The ex-refinery price of 87 and 90 were set at $63.62 and $65.07respectively while Diesel at $72.60. These reductions are a welcome relief for motorists and come on the heels of falling Oil prices on the world market. A barrel of Oil closed below $75 today

Average Prices
This week average prices are shown below in comparison with the week before.

This Week Last Week
Product(avg.) $ per litre $ per litre
87 74.60 75.60
90 79.68 80.15
Diesel 85.31 86.38

source: Jamaica Gas Prices data .

Highs and the Lows

The highs and lows continue to be significant especially with 90 Octane and Diesel with price differences ranging from 11.95 and 10.07 respectively.. See table below

Week
Oct. 9- 15,2008
Highest Price Lowest Price Difference
Product $ per litre $ per litre $ per litre
87 78.57 69.95 8.62
90 84.65 72.70 11.95
Diesel 90.25 80.18 10.07

source: Jamaica Gas Prices data .

You can see this data any time by visiting our statistics page.

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