The data compiled by the CAC through its monthly survey of prices at the pumps show that in the last year, the margin on all four transportation fuel has declined from a range of 23 per cent to 29 per cent above Petrojam’s ex-refinery prices to a lower average mark-up of 16 per cent to 21 per cent.

The CAC conducts surveys each month and compare the average prices obtained to the ex-refinery prices announced each Wednesday by Petrojam, the State-owned oil refinery.

For 87 gasoline, the data revealed that while the announced ex-refinery price on January 21, 2021 was $115.93 per litre, consumers were paying an average $143.13 per litre at service stations, a full $27.20 more than Petrojam announced. That works out at a mark-up of 23.46 per cent. The comp

arative data for this year, January 20, 2022, show the ex-refinery price for 87 gasoline at $169.18 per litre, while at the pumps, consumers were paying $27.89 cents more at an average price of $197.07 per litre to fill up. That pump price was 16 per cent higher than the ex-refinery price this past January, but the mark-up was 7.46 percentage points lower than a year earlier.

https://www.jamaicaobserver.com/business-report/pump-blues-margins-at-pumps-decline-as-gas-prices-rise-cac-data_243642