Jamaican Gas tax goes up by $7

The Jamaican Government has increased the special consumption tax (SCT) on gasoline products by $7. This brings the SCT to $32.11, $32.88, $31.41 & $31.41 on 87, 90, diesel and Ultra-Low Sulphur Diesel respectively. The breakdown of fuel prices are shown below:

Gasoline 87

E10 87 Ex Refinery Price: 59.9692
E10 87 SCT: 32.11
E10 87 Ad Valorem SCT: 9.2075
E10 87 Final Ex Refinery Price: 101.2828

Gasoline 90

E10 Ex Refinery Price: 61.10
E10 90 SCT: 32.4792
E10 90 Ad Valorem SCT: 9.3581
E10 90 Final Ex Refinery Price: 102.9387

Diesel

Diesel Ex Refinery Price: 53.9494
Diesel SCT: 31.4145
Diesel Ad Valorem SCT: 8.5364
Diesel Final Ex Refinery Price: 93.9003

Ultra-low Sulphur Diesel

ULSD Ex-Ref: 61.4377
ULSD SCT: 31.4145
ULSD Ad Valorem SCT: 9.2852
ULSD Final Ex Refinery Price: 102.1374

It should be noted that while the SCT moved by $7 because of how the ex-refinery price is calculated the prices went up by $7.70 between May 12 & 13, 2016. The SCT is added to the initial ex-refinery price and then approximately 10% Ad Valorem SCT is added to arrive at the final price.  See e.g. below

$59.9692+$32.11 = $92.0792
10% (9.9995%) Ad Valorem = $9.2075
$92.0792 + $9.2075 = $101.2867 ( adjusted for rounding errors)
Total: $101.2828

Taxes on Gasoline

It should be noted that taxes on fuel now account for 41% of the ex-refinery price.

Once again it is important that Jamaicans motorists note which gas stations are selling gasoline at the best prices and take advantage of the available savings.

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One Response to “Jamaican Gas tax goes up by $7”

  1. Jamaica Gas Prices » Blog Archive » Are the Jamaican Taxi Operators being fair? Says:

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