Consumers get a break from rising prices
Thursday, June 5th, 2008PetroJam has announced that this week, motorist will get a break from the rising petrol prices. Indeed 87 and 90 octane remain basically flat, while diesel decreased by about JMD $0.50. On the world market the price of Oil has fallen from its high of USD $135 per barrel to the low USD $120s.
Some analyst beleive that point has reached where motorist especially in the USA are becoming resistant to the higher prices as the fund. In Jamaica we have already seen that the demand for petrol has fallen off by 10% with predictions for this to worsen in the summer period.