Petrojam has announced an increase in the prices of some petroleum products supplied by the refinery.

The price of 87 and 90 gasoline will increase by $3.06 per litre.

Automotive diesel oil, ultra-low sulphur diesel and kerosene will move up by $4.50 cents a litre.

However, there will be a reduction in the prices of propane and butane cooking gas.

Propane will move down by $3.06 per litre, while butane will see a decrease of $1.32.

Petrojam says this week’s prices were mainly influenced by tightened supply, resulting from the sanctions imposed on Russia for its invasion of Ukraine.

Oil prices also rose as hopes of a Ukraine/Russia ceasefire faded, following news last week, of a possible peace talk between both nations.