Posts Tagged ‘PetroJam’

Petrojam challenged again

Monday, January 19th, 2009

A few days after PetroJam posted its response,  Gerald Cameron once again states the case ask revisit their information.

I am here to dispute that with facts. The reduction in our ex-refinery gasoline prices declined by an average of 37 per cent for unleaded 87 (from J$78.43 on July 17, 2008 to J$48.78 on January 7, 2009 (refer to Petrojam’s website). In Miami gasoline declined an average of 55 per cent (from US$4.13 on July 7, 2008 to US$1.87 on January 7, 2009 (refer to Gasbuddy.com ).

For the full letter: 
 http://www.jamaica-gleaner.com/gleaner/20090115/letters/letters2.html

Related:
Petrojam response to Pricing complaints

Petrojam response to Pricing complaints

Sunday, January 18th, 2009

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.

Monday, December 29th, 2008

On the December 24, 2008, the Gleaner’s letter of the day raised concerns about PetroJam pricing policy. Today another writer join the call in his peice, writing to the editor. Here is a quote..

The present management of Petrojam is a hangover of the past government and has not changed its policies. The public needs a relief from high prices and Mullings should not forget that he can return from whence he came. The Government should realise that it is their inaction on important issues like gas prices why people are becoming so turned off from them.

You can read the rest of the article here…  http://www.jamaica-gleaner.com/gleaner/20081229/letters/letters4.html

You can read the related post here
http://www.jamaicagasprices.com.jm/blog/2008/12/24/petrojam-pricing-policy-questioned/

Remember you can also follow this discussion in the forum.http://jamaicagasprices.com.jm/forum/index.php?topic=15.0

Again we would like to take this opportunity to wish you all  the best for the new year.

PetroJam pricing policy questioned

Wednesday, December 24th, 2008

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.

What’s New

Wednesday, December 10th, 2008

As usual the Jamaica Gas Prices team continue to work to improve the site little by little. Firstly let me apologise for the slow updates, we am working to improve this.

E10 data available
This week we add the E10 average, high, low prices to the reports page, see http://jamaicagasprices.com.jm/reports.php. With more and more stations now carrying E10 this information becomes more useful.

You can find the stations carrying E10 here.

We would also remind you to visit the other areas of the site including the Forum.

There is a very interesting topic in the forum, “Is Petrojam taking us for a ride?” which makes good reading.

As usual we encourage you to keep submitting gas prices and letting your friends know about this site. Thanks to those who tirelessly continue to supply the gas prices.

Roleli