JGRA alarmed over losses at Petrojam

Monday, December 10, 2018

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Saying that it is “alarmed” by last week's report from the auditor general, the Jamaica Gasolene Retailers Association (JGRA) is urging the prime minister to act quickly to restore confidence in the scandal-hit State-run entity.

“We are calling on the honourable prime minister to act swiftly to restore confidence in Petrojam and the entire petroleum trade with a focus on pricing, contracts and their impact on national development,” the grouping said.

“Of particular concern is the pricing mechanism of which the JGRA has raised in the public space asking for a transparent explanation which makes for easy understanding. The excessive losses of product being incurred from 2013 are also troubling.

“The JGRA is joining the call for a forensic audit of the entity and to put the necessary measures in place to cauterise the losses.”

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