Difference between revisions of "Fuel Prices Jamaica"
***** (***** | *****) m |
***** (***** | *****) |
||
| Line 1: | Line 1: | ||
{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Jamaica | |Fuel Price Country=Jamaica | ||
| + | |Fuel Pricing Policies="Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. Petrojam posts historical and current prices on its Web site. Government in Apr 2011 reduced ad valorem tax on fuel, reinstituted in Jan 2010, from 15% to 10% on a temporary basis, and said that it would be reviewed quarterly. A PetroCaribe member since 2005, Jamaica imports oil from Venezuela at only 60% of the market price, with the remainder offset as a long-term, low-interest loan. As part of the agreement, Venezuela bought 49% of the shares in the 35,000 bpd Petrojam refinery in 2008." | ||
| + | |||
| + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=JMD | |Fuel Currency=JMD | ||
|Fuel Price Exchange Rate=83.752 | |Fuel Price Exchange Rate=83.752 | ||
| Line 9: | Line 12: | ||
|Fuel Price Composition Annotation=Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | |Fuel Price Composition Annotation=Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | ||
|Fuel Price Composition 2=GIZ_IFP2012_Jamaica2.png | |Fuel Price Composition 2=GIZ_IFP2012_Jamaica2.png | ||
| − | |||
|Fuel Matrix Pricing Mechanism=1 | |Fuel Matrix Pricing Mechanism=1 | ||
|Fuel Matrix Price Level=2 | |Fuel Matrix Price Level=2 | ||
Revision as of 15:56, 18 February 2013
Part of: GIZ International Fuel Price database
Also see: Jamaica Energy Situation
Fuel Pricing Policies
| Local Currency: | JMD |
| Exchange Rate: | 83.752
|
| Last Update: |
"Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. Petrojam posts historical and current prices on its Web site. Government in Apr 2011 reduced ad valorem tax on fuel, reinstituted in Jan 2010, from 15% to 10% on a temporary basis, and said that it would be reviewed quarterly. A PetroCaribe member since 2005, Jamaica imports oil from Venezuela at only 60% of the market price, with the remainder offset as a long-term, low-interest loan. As part of the agreement, Venezuela bought 49% of the shares in the 35,000 bpd Petrojam refinery in 2008."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
|
|
| in Local Currency |
|
|
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 90 Octane as of 2010/10/28.
At a Glance
| Regulation-Price-Matrix |
| ||||
  |
|
|
| ||
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Price Composition | http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly_Oil_Prices_Report_Oct_28_2010.pdf |
| Pricing Mechanism | http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly_Oil_Prices_Report_Oct_28_2010.pdf |
| Pump prices and margins | http://www.men.gov.jm/oil_prices.htm |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
The following coordinate was not recognized: {{#geocode: Jamaica|google }}.
