Difference between revisions of "Fuel Prices Jamaica"
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{{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 | + | |Fuel Pricing Policies="Pricing policy: Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be set based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. 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. |
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| + | Information: Petrojam posts historical and current ex-refinery prices, inclusive of taxes, on its Web site. Distribution margins are added to the posted prices, and retail prices can be quite a bit higher." | ||
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
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|Fuel Price Factsheet Source Link=http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | |Fuel Price Factsheet Source Link=http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | ||
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| + | [[Category:Jamaica]] | ||
Latest revision as of 12:30, 6 October 2014
Part of: GIZ International Fuel Price database
Also see: Jamaica Energy Situation
Fuel Pricing Policies
| Local Currency: | JMD |
| Exchange Rate: | 83.752
|
| Last Update: |
"Pricing policy: Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be set based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. 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.
Information: Petrojam posts historical and current ex-refinery prices, inclusive of taxes, on its Web site. Distribution margins are added to the posted prices, and retail prices can be quite a bit higher."
(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* |
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| in Local Currency |
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* 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 |
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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
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