Fri | Sep 21, 2018

Petrojam punishing motorists

Published:Friday | November 7, 2014 | 12:00 AM

THE EDITOR, Sir: Oil prices on the world market have fallen more than 25 per cent. However, in Jamaica, as always, prices at the pump and from Petrojam rise reactively as international oil prices go up, but they go down insignificantly as oil prices fall.

Consequently, the motoring public and the business sector, which owns fleets, suffer unfairly.

This is an unjust and unacceptable situation. How can businesses be competitive and motorists benefit from falling oil prices if Petrojam keeps gas and gas oil prices in Jamaica unreasonably high?