Jamaican gas prices now lower than Trinidad’s

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com

Tuesday, January 26, 2016

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The price for a litre of gas in Jamaica is now less than the world average, according to the latest figures from GlobalPetrolPrices.com.

The average price for a litre of gas in Jamaica is now US$0.88 or J$106.04. That compares to the world average price of US$0.97 (J$116.88). 

But while Jamaican motorists are benefiting from prices that are just below the world average, Trinidadian consumers have much better prices. Since October 2015, Trinidadian prices for gas have been TT$3.11 per litre (US$0.48) and TT$1.72 (US$0.27) per litre for diesel.

The average price of diesel across the world yesterday was around US$0.83 per litre, according to GlobalPetrolPrices.com. Jamaica falls just below that rate with a price of US$0.78 or J$93.99 - placing it between Paraguay in Latin America and the mountain kingdom of Bhutan in Asia.

Meanwhile, Jamaican motorists are reaping benefit from lower oil prices, as oil falls to below US$30 per barrell. Many gas stations around Jamaica now have prices below $100 per litre as these photos from the corporate area yesterday attest.



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