The steady-sharp reduction in the price of OIL on the world market has not affected the price of gasoline to the Jamaican consumers as many would have expected. There has been little explanation from PetroJam. In today’s Gleaner of December 24, 2008, the letter of the day is entitled, “Peculiar PetroJam pricing policy”. Here is a quote
Petrojam has not explained to the motoring public why oil is going down on the world market and our ex-refinery prices are not anywhere in line with that trend. I’ll give a few examples.
Since early July, the price of a barrel of oil has fallen by 68 per cent (using the World Trade Index (WTI) prices (same as the so-called ‘Gulf Reference Price’ by Petrojam)) from US$141.06 on July 1 to US$43.84 on December 16 this year). Now Petrojam’s ex-refinery price for the following selected products have fallen from the peak on July 17 to the last listing on December 18.
You can read the rest at:
http://jamaica-gleaner.com/gleaner/20081224/letters/letters1.html
It is time that we as Jamaican consumers act, share information on the best prices and hold suppliers to a higher standard.
You can follow the discussion on this issue at this link:
http://jamaicagasprices.com.jm/forum/index.php?topic=15.0
We would like to take this opportunity to wish you all happy holidays and all the best for the new year.