Gas Prices Down $0.25, Diesel Down $0.25

Jamaican motorists can anticipate some relief at the pumps starting Thursday, May 14, as fuel prices are adjusted downwards. According to the latest ex-refinery costs from Petrojam, both 90-octane and 87-octane gasoline will see a reduction of $0.25 per litre, bringing them to $197.33 and $189.88 respectively. This decrease is welcome news for consumers navigating the economic landscape, offering a slight reprieve from ongoing cost of living pressures.

The price of automotive diesel fuel will also decrease by $0.25 per litre, matching the gasoline price at $197.33. Similarly, kerosene will become cheaper by $0.25, selling for $182.15 per litre. Ultra-low sulphur diesel, however, will see a slightly different adjustment, though still a decrease. These adjustments reflect the dynamic global oil market and Petrojam's role in setting local fuel prices based on international benchmarks and refinery costs.

While most fuel types are becoming more affordable, there's a notable exception with propane liquid petroleum, which will increase by $0.25 per litre. Conversely, butane liquid petroleum is set for a substantial decrease of $2.94 per litre. It's important for consumers to remember that these are ex-refinery costs, and marketing companies and retailers will add their own mark-ups. Nonetheless, the overall trend of decreasing gasoline and diesel prices is a positive indicator for many households and businesses across Jamaica.