MOTORISTS SEEING SHARP INCREASE IN GAS PRICES AS RUSSIA/UKRAINE CONFLICT IMPACTS GLOBAL OIL PRICES

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Motorists are seeing a sharp increase in gas prices at the pumps today (Thurs), as the ongoing conflict between Russia and Ukraine continues to adversely impact global oil prices.

Petrojam issued its latest billing list yesterday, showing that all products supplied by the refinery will cost $4.50 more per litre.

The products are E10 87 and 90 gasoline, automotive diesel oil, ultra-low sulphur diesel, kerosene, as well as propane and butane liquid petroleum gas.

Marketing companies will add their markups to the announced prices.

Petrojam says this week’s prices were mainly impacted by Russia’s ongoing invasion of Ukraine and increasing sanctions from the rest of the world.