Gas Tax increase in Jamaica Today
Today is the day when the the gas tax announced by Jamaica’s Minister of Finance takes effect. According to a Jamaica Gleaner report, there was a rush on Gas Stations yesterday, however, I did not see any at the stations I passed. Indeed, I happened to be at a Gas Station twice in the evening an although there was an increase in activity there were no delays or no real rush.
The jamaican government seems to believe, based on pass experience, that the demand for Gasoline will not change with the price increase, i.e. demand will be inelastic, to borrow a term from economic theory. The months ahead will prove whether their assessment was right or wrong.
In the meanwhile, remember to practice these gas saving tips.
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