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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Jamaica | | |Fuel Price Country=Jamaica |
| | + | |Fuel Pricing Policies="Pricing policy: Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be set based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. Government in Apr 2011 reduced ad valorem tax on fuel, reinstituted in Jan 2010, from 15% to 10% on a temporary basis, and said that it would be reviewed quarterly. |
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| | + | Information: Petrojam posts historical and current ex-refinery prices, inclusive of taxes, on its Web site. Distribution margins are added to the posted prices, and retail prices can be quite a bit higher." |
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| | + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) |
| | |Fuel Currency=JMD | | |Fuel Currency=JMD |
| | |Fuel Price Exchange Rate=83.752 | | |Fuel Price Exchange Rate=83.752 |
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| | |Fuel Price Composition Date=2010/10/28 | | |Fuel Price Composition Date=2010/10/28 |
| | |Fuel Price Composition Annotation=Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | | |Fuel Price Composition Annotation=Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf |
| − | |Fuel Pricing Policies=Irregular ad-hoc price setting by government: http://www.men.gov.jm/oil_prices.htm | + | |Fuel Price Composition 2=GIZ_IFP2012_Jamaica2.png |
| | |Fuel Matrix Pricing Mechanism=1 | | |Fuel Matrix Pricing Mechanism=1 |
| | |Fuel Matrix Price Level=2 | | |Fuel Matrix Price Level=2 |
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| | |Fuel Price Factsheet Source Link=http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf | | |Fuel Price Factsheet Source Link=http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf |
| | }} | | }} |
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| | + | [[Category:Jamaica]] |
Latest revision as of 12:30, 6 October 2014
Part of: GIZ International Fuel Price database
Also see: Jamaica Energy Situation
Fuel Pricing Policies
| Local Currency:
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JMD
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| Exchange Rate:
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83.752
(2010/11/17)
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| Last Update:
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"Pricing policy: Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be set based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. Government in Apr 2011 reduced ad valorem tax on fuel, reinstituted in Jan 2010, from 15% to 10% on a temporary basis, and said that it would be reviewed quarterly.
Information: Petrojam posts historical and current ex-refinery prices, inclusive of taxes, on its Web site. Distribution margins are added to the posted prices, and retail prices can be quite a bit higher."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 90 Octane as of 2010/10/28.
Source: http://www.men.gov.jm/PDF_Files/Energy_Oil_Prices/Weekly%20Oil%20Prices%20Report%20Oct%2028%202010.pdf
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
