Effective December 5, 2024, Jamaica will witness a significant decrease in fuel prices with 90-octane gasoline priced at $164.04 and automotive diesel at $161.47 per litre. Kerosene, propane, and butane also see reductions. Retailers will apply additional mark-ups, and the Ministry of Foreign Affairs advises compliance with immigration laws for travelers.
Motorists in Jamaica are set to benefit from a substantial reduction in fuel prices, effective Thursday, December 5, 2024. According to Petrojam’s latest ex-refinery costs, the price of 90-octane gasoline will decrease by $3.06, bringing it to $164.04 per litre, while 87-octane gasoline will also see the same decrease to $155.07 per litre.
In addition to gasoline prices, automotive diesel will be sold for $161.47 per litre after a drop of $3.06. Ultra-low sulphur diesel will experience a slight decline, now priced at $168.59 per litre, down by $2.94. Kerosene will also see a reduction of $3.06, resulting in a new price of $145.15 per litre.
The prices for liquid petroleum gases have also been adjusted; propane will be available for $73.34 per litre, down by $0.77, and butane will be priced at $82.87 per litre, decreased by $0.92. It is important for consumers to note that marketing companies and retailers will add their respective mark-ups to these fuel prices.
Furthermore, the Ministry of Foreign Affairs and Foreign Trade has reminded citizens to comply with immigration laws while traveling abroad. Other news includes the fluctuation of the US dollar, which ended trading at $157.62, and LATAM Airlines resuming flights between Lima and Montego Bay, reinforcing travel connections in the Caribbean.
In summary, substantial decreases in fuel prices are set to take effect in Jamaica, with notable reductions in the costs of gasoline, diesel, and liquid petroleum. Motorists are encouraged to be aware of additional mark-ups from retailers. The updates on foreign affairs and changes in travel indicate ongoing market dynamics. Overall, the developments illustrate essential adjustments in consumer costs and international relations for Jamaica.
Original Source: www.jamaicaobserver.com
