PETROJAM projects slight dip in petrol prices

Petrojam has projected that consumers could see a slight ease in pumps prices for the current fiscal year. The refinery which is majority owned by the government, in its forecast for the 2012/2013 fiscal year says while it expects prices to remain strong in spite of continuing economic uncertainties, the average selling prices could fall about 3 percent. Petrojam did not say how it expects the reduction in oil prices to affect prices at the pumps. However since the start of the year pump prices have moved up by about 8 percent.