Tue | Nov 12, 2019

Gas prices to be increased by $2.51 tomorrow

Published:Wednesday | February 4, 2015 | 5:21 PM

The ex-refinery price of most fuels supplied by the state-owned oil refinery Petrojam will be increased tomorrow.

Petrojam said gas prices are set to rise by $2.51.

Petrojam will sell E10 87 gasoline for $92.80 and E10 90 for $91.94.

Automotive diesel is to move up by $1.66 to be sold for $91.85, while Ultra Low Sulphur Diesel will sell for $102.12, up $1.79.

Kerosone will be increased by $1.81 to sell for $98.92.

The price of liquid petroleum gas has fallen, with propane (LPG) moving down by $0.16 to sell for $36.93 and butane will sell for $41.68, a decrease of $1.16.

Petrojam said weekly price movements are generally reflective of market conditions in the United States.

According to information from the US Energy Information Administration, planned and unplanned petroleum refinery outages in the Midwest and Gulf Coast regions in January have accounted for increases in gasoline spot prices and retail prices.

Marketing companies and retailers will add their respective mark up.