Jamaica Gas Prices

Petrojam has responed to complaints about pricing. Here is the an excerpt from the article

Petrojam’s ex-refinery product prices are based on USG (United States Gulf) reference prices for petroleum products, which provide for a transparent and credible petroleum product pricing mechanism. These prices are not based on crude oil reference prices such as WTI (West Texas Intermediate). While the crude and product markets eventually converge over time, they exhibit unique characteristics at any given point in time, largely driven by supply and demand factors in each specific market.

For more you can read the full article here

http://www.jamaica-gleaner.com/gleaner/20090112/letters/letters3.html

Related: 

• More Crying out against high prices.