The state-owned oil refinery Petrojam has dismissed claims that it obtains crude oil at discounted prices under the PetroCaribe agreement with Venezuela but does not pass on the lower costs to consumers.
“It is not at a discount to Petrojam,” the refinery’s general manager, Winston Watson, declared at last week’s energy meeting at the refinery complex in Kingston.
There is he said a lot of misinformation and misdirected facts in the marketplace.
“We buy the crude oil from Venezuela at a competitive