Fuel Prices Jamaica
Part of: GIZ International Fuel Price database
Also see: Jamaica Energy Situation
Fuel Pricing Policies
| Local Currency: | JMD |
| Exchange Rate: | 83.752
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| 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 | |
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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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