KINGSTON, Jamaica — Jamaicans will have to brace for increases in the price of gasoline, alcohol, and motor vehicle licensing as early as next week.

Finance Minister Audley Shaw today announced an increase in Special Consumption Tax (SCT) on petrol as well as other tax hikes during the opening of the 2017/18 budget in Parliament.

Shaw said that effective Monday, March 13, there will be an increase in the SCT on alcoholic beverages, which will see the rate increase from $1,120 per litre to $1,320 per litre. This, the minister said, will see a profit of $403 million.

The increase in the SCT on fuel ranges from 0.43cents to $7.36 with an annual potential revenue being estimated at $7.459 billion.

http://www.jamaicaobserver.com/latestnews/Increased-taxes-on-gasoline–alcohol–motor-vehicle-licensing