Revision as of 15:56, 18 February 2013 by
***** (***** | *****)Part of: GIZ International Fuel Price database
Also see: Jamaica Energy Situation
Fuel Pricing Policies
| Local Currency:
|
JMD
|
| Exchange Rate:
|
83.752
(2010/11/17)
|
| Last Update:
|
|
"Although petroleum product prices are deregulated in Jamaica, ex-refinery prices continue to be based on import parity prices. The current pricing mechanism is being administered by Petrojam, which is government-owned. Petrojam posts historical and current prices on its Web site. 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. A PetroCaribe member since 2005, Jamaica imports oil from Venezuela at only 60% of the market price, with the remainder offset as a long-term, low-interest loan. As part of the agreement, Venezuela bought 49% of the shares in the 35,000 bpd Petrojam refinery in 2008."
(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
|
Gasoline 95 Octane |
Diesel |
| in USD* |
|
|
| in Local Currency |
|
|
* 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
|
Transparency of
Price Composition
|
Transparency of Pricing
Mechanism / Monitoring
|
|
|
|
|
|
Error creating thumbnail: convert: unable to open image `/var/www/ISWiki/prod/current/energypedia/images/a/a8/IFPDB_trafficlight_yellow.png': No such file or directory @ error/blob.c/OpenBlob/2641.
convert: no images defined `/tmp/transform_53fe0fa-1.png' @ error/convert.c/ConvertImageCommand/3044.
|
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
