Fri | May 26, 2017

UPDATE: JGRA and Energy Minister in agreement again

Published:Friday | January 23, 2015 | 1:15 PM

Players in the petroleum sector have agreed to suspend the blame game as it relates to the pricing of fuel pending a meeting scheduled for next week Thursday.



Science, Technology, Energy and Mining Minister, Phillip Paulwell met with the executives of the Jamaica Gasolene Retailers Association (JGRA) in an emergency meeting this afternoon.



The meeting was called to quell mounting tension among members of the Petroleum Retail Trade.



The retailers were upset because of comments made by the Energy Minister last week, which told motorists to expect to see gas prices at under a hundred dollars per litre at the pumps.



However, in a release this afternoon, the energy minister said in the market economy there is no room for price controls and no such measure is being contemplated.



He said in the meeting the JGRA representatives outlined the challenges that have prevented some dealers from reducing their prices to $100 and below.



Head of the JGRA, Leonard Green says he was pleased with the feedback from the energy minister and they have agreed to stop the finger pointing until next week’s meeting.



Next week’s meeting is to be held with all the principal stakeholders in the industry including Petrojam, the Marketing Companies and the dealers.



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