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The Government is making a desperate appeal to Jamaicans to conserve fuel as the price for oil remains above US$100 a barrel.
The new price, which reached a record level last week, has implications for Jamaica's oil import bill which stood at US$2 billion last year.
In 2006, the bill was US$1.8 billion.
Energy Minister Clive Mullings said the situation could worsen.
"The oil market is at a stage now where speculators are concerns about OPEC, and whether or not it will be cutting cut back on its production. This concern is having an effect on oil prices. We as consumers have make every effort to conserve. My concern is that we don't have a sense of urgency and we need to have that. When we roll out our conservation programme we will see how best we can save and conserve,' he said.
The new price, which reached a record level last week, has implications for Jamaica's oil import bill which stood at US$2 billion last year.
In 2006, the bill was US$1.8 billion.
Energy Minister Clive Mullings said the situation could worsen.
"The oil market is at a stage now where speculators are concerns about OPEC, and whether or not it will be cutting cut back on its production. This concern is having an effect on oil prices. We as consumers have make every effort to conserve. My concern is that we don't have a sense of urgency and we need to have that. When we roll out our conservation programme we will see how best we can save and conserve,' he said.
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