How are gasoline prices determined?

Petrojam’s ex-refinery pricing policy is based on the concept of import parity. Since deregulation of the petroleum market, refined petroleum products are priced to cost no more than the price an importer would pay to purchase finished products overseas and land them in Jamaica.

Regional gasoline prices are indexed to the current US Gulf Reference prices. To these prices are added freight and insurance, and the cost for storage and handling.