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Gas Price Review - Week Ending October 22, 2008

Petrojam for the fifth week running announced reductions in the prices gas products. This week $3.53 has been removed from the price of 87 and 90 octane and $3.15 has been removed from the priced of Diesel.

The ex-refinery price of 87 and 90 were set at $60.10 and $61.54 respectively 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 $70 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 70.74 74.60
90 75.08 79.68
Diesel 81.05 85.31

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 10.86and 14.82 respectively. This continues to be very troubling. Why is there this large difference in price of the product in the geographic are of Kingston alone. See table below

Oct. 9- 15,2008
Highest Price Lowest Price Difference
Product $ per litre $ per litre $ per litre
87 74.97 66.56 8.41
90 80.00 69.14
Diesel 1.05 76.23 14.82

source: Jamaica Gas Prices data .

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

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