Winston Watson, general manager of Petrojam Limited, speaks at the forum on 'Understanding Petrojam and its role in Jamaica's Energy Market' at the refinery complex at Marcus Garvey Drive, Kingston, on Wednesday, April 4. At left is Erwin Jones, chairman of Petrojam. - Rudolph Brown/Photographer

 

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

HIGH gas prices forced many Jamaicans to change their travel plans for the Easter holiday weekend.

A Jamaica Observer online poll shows that seven in 10 persons altered plans this weekend because of fuel costs. Almost 50 per cent of respondents say gas prices completely curtailed planned activities, nearly a third claim it was “somewhat influential” while just over a fourth boasts that their plans were not impacted at all.

The Easter holiday weekend kicked off on Good Friday and runs up to Easter Monday. Many Jamaicans traditionally travel to visit family and friends out of town or flock to parties in resort areas such as Ocho Rios and Negril. But record-high petroleum prices this year have threatened celebrations, with refinery prices for e10 87 and e10 90 gasoline having both risen by more than $13 a litre since the start of the year.

Taneisha Lewis, a public relations officer based in Kingston, shelved her usual holiday weekend plans because of high gas prices.

“Well, it has ruined it. I had to cancel my plan to visit family out of town,” she told Sunday Finance.

Lewis opted to “stay home and watch TV” instead of taking the costly journey in her sedan to see her relatives on the north coast.

The travel plans of St Catherine-based teacher Luther Davis suffered a similar setback. Davis, his wife and two children would usually take a ride in his station wagon to visit family in western Jamaica over the Easter weekend, but those plans were cancelled because of high fuel costs, he said.

“Gas prices have been impacting my life significantly, I would say, over the past year,” revealed Davis.

The teacher disclosed that the family has had to cut back on travelling by car significantly because of the rising petrol prices. He highlighted specifically that he no longer provides a lift by car to his wife

The government of Jamaica is not using the pricing mechanism of the state-owned refinery, Petrojam, to jack up the price of petrol in order to benefit from increased tax revenues.

This was stated by General Manager of Petrojam, Winston Watson, on April 4, during a question and answer session on the topic:

Oil rose the most since late February after a report said that United States (US) factories have cranked into a higher gear.

Manufacturers are big users of diesel fuel, so increased factory activity usually means increased demand for diesel.

Benchmark US crude increased Monday by $2.21 to $105.23 per barrel in New York. It was the biggest gain since February 21. Brent crude rose by $2.55 cents to $125.43 per barrel in London.

Meanwhile,

MOTORISTS will have to fork out even more cash when they go to the pumps this week as gas prices have increased yet again.

The prices of 87 and 90 gasoline have risen by $1.10 and will be sold for $105.94 and $107.59 per litre respectively.

Propane Liquid Petroleum gas has increased by 44 cents and will be sold for $44.17 per litre.

However, the price of Automotive Diesel Oil has dropped by 73 cents and will now be sold for $105.76 per litre.

Kerosene and Butane Liquid Petroleum have also experienced price decreases of 73 cents and 41 cents respectively and will be sold for $108.69 and $60.14 per litre.

Retailers will add their own mark up

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