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Paulwell tells motorists “watch the pumps” to ensure price reductions

Featured Paulwell tells motorists “watch the pumps” to ensure price reductions
KINGSTON, December 18, 2014 - Energy Minister Phillip Paulwell says persons should make today, "Pump Watch Day". He wants consumers to record prices displayed at the pumps to determine if  yesterday's three dollar reduction is reflected.

In light of this, Gas station operators have endorsed the initiative for consumers to monitor prices at the pumps in the wake of  complaints that the country is not seeing the full benefits of  the decline in the cost of  oil. 

President of  the Jamaica Gasoline Retailers Association, JGRA,  Leonard Green, says the members are open to scrutiny. Mr. Paulwell wants consumers to expose petrol stations that are profiteering from gas price reductions.

And the spotlight has been turned on suppliers of  goods and services who have not passed on the savings from falling fuel prices. Industry Minister Anthony Hylton says he has met with the Consumer Affairs Commission and the Fair Trading Commission to discuss the matter.     

He says both agencies will be giving immediate and special focus on examining why price reductions have been limited. Speaking yesterday at the Small Business Association of  Jamaica’s annual Christmas luncheon the Industry Minister described the practice as unfair despite four months of  consistent decline in the cost of  fuel.