Jamaica Gas Prices

Jamaican consumers have once again been given a break in the importation of older use cars. According to the Jamaica Gleaner, the age limit of two categories of imported motor vehicles has been increased by one year. The categories are motors cards, up from four years to five years and light commercial vehicles up from five years to six years.

The Use Car Dealer Association in Jamaica seem have for the move and so will consumers as this should result in the reduction in prices but there is no real guarantee. The used car industry has taken an battering  primarily because of the downturn of the global economy in my view, but also the fallout  from the failed ponzi schemes, dent in illegal drug exports and the reduction of the age limit.

No transport plan

The age old issue of a proper transportation system in Jamaica continues to be a problem. However that really cannot be properly addressed until the is properly town and country planning. Much of Jamaica continues to be unplanned development with communities springing up all over the place with no thought on how persons will be transport to and from work.

This continues to fuel the route taxi phenomenon where cars instead of larger buses or even trains have become key part of transporting the citizen of Jamaica.

For more information visit:

• Jamaican Government increase age limit on used-car imports
• Government of Jamaica attempts to revive Used Car industry

According to a report from in the Jamaica Gleaner, Oil prices have now fallen to US$71.63 per barrel. This is certainly good news to Jamaicans . The analyst blame the drop in price on the weak American economy.

However a weak American economy threatens the Jamaican economy as the majority of our tourists come from the USA and significant  portions of our trade. Also many Jamaicans also depend on remittances from relatives in the United States of Amercican, Canada and the United Kingdom among other countries.

However, lower oil prices should result in lower electrcity bills. So while motorists might breathe a sigh 0f relief, consider the rest of the economy.

Related

• Oil prices sink as weak economy data rolls in

Jamaica Gas Prices was set up with the idea that persons would share and save. Today that vision remains the same. By taking a few moments to note the prices you pay at the pump and posting that prices you would have shared and helped someone to save.

If everyone shares, we will easily know the best prices and where to get them. If are see prices as you drive along noted them or better yet have someone driving with you note the prices and at a safe time post these at http://jamaicagasprices.com.jm or http://mobile.jamaicagasprices.com.jm/ on your smartphones such as the Blackberry, Nokia, IPhone, HTC and others. You can follow us on twitter at http://twitter.com/jamaicagasprice

Once again we invite people to share. We are committed to bring some new features despite our failures in the past.

We need your participation, share and save in 2010. We will all need each other’s support.

Prices as seen at the New Kingston Texaco Service Station on January 2, 2010

Starting January 1, 2010,  the price of gas products at the pump at Jamaican service stations has risen. This is a result of the new taxes announced by the Government of Jamaica on December 17, 2009 and retained in revised tax package of December 23, 2009. The government hopes to raise JMD $9.4 billion of taxes from this measure.

The resulting effect is that motorist will pay significantly more at the pump.  As demonstrated in the previous post, ‘New Gas Tax hits Jamaica‘, the price to motorist will move up no less than $9.00 per litre at this time.  A Gleaner/Power 106 news report suggested the price of gas will increase by over $10 per litre.

On the street

When motorists drive around or visit the pumps this week, they will see prices ranging from the high eighties (80s)  to the high nineties (90s).  With the price of Oil increasing on the world market, expect to see gasoline being sold for as much as JMD $100+ per litre ( JMD $460 per gallon) in the coming weeks.

Sources:

• Gas prices to increase by at least $10