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87-octane price climbs 37% since January

World 1 source 1 country 13m ago

KINGSTON, Jamaica — Petrojam’s billing price for 87-octane gasoline has climbed 37 per cent since the start of the year, with motorists facing another broad round of fuel increases from Thursday. The price of 87-octane will rise by $3.06 per litre to $204.40, up $55.20 from $149.20 at the beginning of 2026. At Petrojam’s billing price, purchasing 50 litres of 87-octane will now cost $2,760 more than at the start of the year, before marketing companies and service-station operators add their mark-ups.

Motorists using 90-octane gasoline will pay $4.50 more per litre, taking its price to $213.27. Automotive diesel and ultra-low-sulphur diesel will also rise by $4.50 per litre to $223.50 and $239.09, respectively. Kerosene will increase by the same amount to $196.42.

The prices of propane and butane will each rise by 25 cents per litre to $77.96 and $86.93, respectively. Thursday’s adjustment marks the fourth consecutive weekly increase in the prices of gasoline, both diesel grades and kerosene. Since June 25, automotive diesel has increased by $22.25 per litre, while ultra-low-sulphur diesel has risen by $21.55.

Over the same four-week period, 90-octane gasoline has climbed by $12.69; 87-octane by $11.27 and kerosene by $10.52. The latest diesel increase follows a $12.50-per-litre rise last week, meaning both grades have climbed by $17 per litre in two weeks. The increases have occurred despite Petrojam using a price-smoothing mechanism to limit the amount of international price movements passed on to consumers each week.

Petrojam chairman Metry Seaga said this week that the State-owned refinery had absorbed approximately US$18 million under the mechanism. He said international market movements would, at one point, have required an increase of as much as $40 per litre without the intervention. Petrojam said its ex-refinery prices generally move in the direction of finished-product prices in the US Gulf Coast market.

However, crude oil and finished petroleum products trade in separate markets and do not always move together.

Summary from source
Read the full story at the source Jamaica Observer · JM
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