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Gas prices up as supplies tighten

by March 23rd, 2022

Petrojam has announced an increase in the prices of some petroleum products supplied by the refinery.

 

The price of 87 and 90 gasoline will increase by $3.06 per litre.

 

Automotive diesel oil, ultra-low sulphur diesel and kerosene will move up by $4.50 cents a litre.

 

However, there will be a reduction in the prices of propane and butane cooking gas.

 

Propane will move down by $3.06 per litre, while butane will see a decrease of $1.32.

 

Petrojam says this week’s prices were mainly influenced by tightened supply, resulting from the sanctions imposed on Russia for its invasion of Ukraine.

 

Oil prices also rose as hopes of a Ukraine/Russia ceasefire faded, following news last week, of a possible peace talk between both nations.

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