Jamaica: JGRA Renews Call For Transparency In Petrojam’s Oil Pricing Regime

The Government is once again being urged to place the troubling oil pricing mechanism at the State-owned refinery Petrojam under urgent review in order to make the process more transparent to the public.

President of the Jamaica Gasolene Retailers Association (JGRA), Gregory Chung, has renewed the call as weeks of increases at the pumps have once again raised questions about the method used by Petrojam to arrive at its ex-refinery prices.

Chung said he has been monitoring the increases and has pointed to US sanctions against Iran and the fluctuating foreign exchange rates as possible reasons for the uptick.

“We have reached out to the new minister, and we are just waiting for further dialogue on the matter because it is full time the pricing mechanism be made as transparent as possible to the public,” he said.



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