Fuel Prices Jamaica

From energypedia

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*

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.

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Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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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


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de