Motorists in Jamaica are set to see lower fuel costs at the pump starting Thursday, June 28, following a reduction in ex-refinery costs announced by Petrojam.
The state-owned refinery has adjusted its pricing structure, leading to a decrease of $0.25 per liter for 90-octane gasoline, which will now be sold at $200.57 per liter.
Diesel prices are seeing a more significant adjustment, dropping by $10.
Diesel prices are seeing a more significant adjustment, dropping by $10.50 per liter.
The price cuts reflect a broader trend of easing fuel costs across several markets.
Similar reductions have been observed in the Philippines, where retailers implemented significant price drops earlier in the week, and in Portugal, where diesel and gasoline prices began to decline.
These moves suggest a softening in regional fuel demand or a pass-through of lower global crude benchmarks to local markets.