Jamaican Gas Prices : Gas Price Review - Week Ending October 29, 2008

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Gas Price Review - Week Ending October 29, 2008

This week Petrojam announced big drops in the price of Gasoline products and also revealed the ex-refinery price of E10. This is the sixth week running that PetroJam has announced reductions in the prices gas products. This week $4.51 has been removed from the price of 87 and 90 octane and $3.51 has been removed from the priced of Diesel.

The ex-refinery price of 87 and 90 were set at $55.59 and $57.03 respectively while Diesel at $65.94. 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 inched up to $68 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	67.53	70.74
90	72.25	75.08
Diesel	78.06	81.05

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 and 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

Week Oct. 15- 295,2008	Highest Price	Lowest Price	Difference
Product	$ per litre	$ per litre	$ per litre
87	72.99	63.04	9.95
90	79.99	65.61	14.38
Diesel	85.99	73.31	12.68

source: Jamaica Gas Prices data .

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

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