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Petrol Price Hike

08/18/05

Permalink 08:56:00 pm, by Melba
Categories: Business

Petrol Price Hike

This year 2005, so far has been a financially challenging year for most of us. We have learnt to cut, carve and tighten in order to keep afloat. Just when we thought it couldn’t get any worst we are greeted with the news of a dramatic increase in the price of petrol by Petrojam, the state owned oil refinery.
Unleaded (87) petrol has been increased by $3.52 per litre. Unleaded (90) by $3.25, auto diesel by $2.79 and kerosene by $2.80 per litre. These increases represent an 8% hike by Petrojam to the Distributors and Retailers who will then add their respective mark up to us the consumers. ‘We all know how that can vary’.
According to Mr. Noel daCosta, chairman of Petrojam these increases are as a direct result of the record hike in world oil prices and the devaluation of the Jamaican dollar. World oil prices reached a record high of US $67.10 per barrel last week.
The cost of almost everything we do or consume is driven by petrol. Transportation plays a major role in our everyday lives. The cost of petrol is factored into most goods and services that are essential. Our utility bills are affected by the cost of petrol.
Not to mention that world oil prices may still go up further. The dollar has been slipping rapidly these last couple of weeks. Today’s bankers selling rate was as high as $62.57 Jamaican dollars to $1.00 US dollar. Where will it all end?
“It naa look pretty, Jamaica” Salaries not increasing. ‘And, if you work for the government, even more woe unto you’. As you all know under the MOU, (weda yu did sign r not) no increase forthcoming for the next couple years. Unless the government going to exempt we from all further increases like the pending bus fare.
Let’s hope that is the plan. In the meantime, “Me a go get a tighter belly ban an pray say mi no bust’.
Nuff Love

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Bruk Pocket Jamaican

"Recently, this Jamaican won the 10 million special lottery for a dollar. As soon as the office of the Lottery Corporation was open on the following day, he was there to collect his winnings.

Graciously, he presented his winning ticket to the clerk and in his best English uttered his request "Me cum fi collect the 10 millian dallars, si me ticket ya".

After reviewing and checking the ticket with his manager, the clerk returned and requested on how he would like his payments. The Jamaican replied "Mi wan all a de moni now". "Unfortunately, Sir" the nervous clerk responded, "The procedures are that we can only give you one million now and the balance equally over the next 20 years".

Furious and agitated, the Jamaican asked for the manager, who re-iterated "Sir, my assistant is correct, it is the regulation of the corporation that we initially pay you one million dollars now with the balance paid to you equally over the next 20 years".

Outraged, the Jamaican slammed his hand on the desk and shouted in anger, "Oonu tek me fi idiat, me wan all a de moni now or oonu gi me bak me rass dallar!!"

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