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Termite Chronicles Vol CCXV111 
Jamaica saves US$400 million on oil imports
BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com
Wednesday, October 14, 2015
JAMAICA reduced its oil import bill by over US$400 million ($48 b) for the first six months of the calendar year based on commodity price reductions, according to just-released Bank of Jamaica (BOJ) data.
The savings are less apparent to consumers at the gas pumps due mainly to new taxation. However, it actually resulted in slashing the island's current account deficit to US$44 million for the first six months of 2015.
Jamaica saves US$400 million on oil imports
BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com
Wednesday, October 14, 2015
JAMAICA reduced its oil import bill by over US$400 million ($48 b) for the first six months of the calendar year based on commodity price reductions, according to just-released Bank of Jamaica (BOJ) data.
The savings are less apparent to consumers at the gas pumps due mainly to new taxation. However, it actually resulted in slashing the island's current account deficit to US$44 million for the first six months of 2015.
