JGRA Concerned Decline In Oil Prices Not Being Passed To Consumers

KINGSTON, Jamaica — The Jamaica Gasolene Retailers Association (JGRA) says it is concerned that the steady decline in oil prices, as posted by Petrojam over the last few weeks, have not been passed on to consumers.

The JGRA in a news release today alleged that some marketing companies have not passed on the full decrease to the dealers and by extension to the consumers.

It said that this ongoing practice of marketing companies is, in fact, the hidden factor in the petroleum pricing mechanism.

According to the JGRA, marketers are using this practice to increase their margins, which gives the consumers the impression that the mark-up is being done solely by the dealers.



Re-posted from: http://www.jamaicaobserver.com/news/JGRA-concerned-decline-in-oil-prices-not-being-passed-to-consumers