Petrojam caps diesel price changes as CIBC adds Google Wallet and BOJ offers $15b deposit

Petrojam has adjusted how it sets fuel prices, placing a $12.50-per-litre ceiling on weekly movements for automotive diesel oil and ultra-low sulphur diesel. The refinery says the updated approach is meant to keep local prices closer to global oil benchmarks while reducing the impact of sharp market swings on consumers. Dealers will still add their own margins before prices reach motorists, and the new prices take effect today.

CIBC Caribbean says customers with Visa debit, Visa credit and Mastercard credit cards can now load those cards into Google Wallet for contactless payments on compatible Android and Wear OS devices. Google Pay access began on June 9, 2026, for clients in Barbados, Jamaica, the Cayman Islands, The Bahamas and Trinidad, with more markets to follow.

The Bank of Jamaica is offering a $15-billion fixed deposit instrument maturing on July 10. Investors will earn 5.75 per cent, subject to the Government’s 25 per cent withholding tax. The offer follows BOJ liquidity operations that absorbed $53 billion on Monday and another $27 billion last week, as the central bank continues efforts to ease inflation pressures during the June 10, 2026 trading period.

In equities trading, Productive Business Solutions Limited US ordinary shares led activity with 74,785,654 units, or 64.27 per cent of market sales. Dolla Financial Services Limited followed with 8,890,722 units, representing 7.57 per cent, while TransJamaican Highway Limited traded 5,753,765 units, or 4.94 per cent. Activity remained focused on transportation, distribution and finance counters.

Bank of Jamaica foreign-exchange data for June 10 showed heavy trading demand. The US dollar was quoted at $157.58 for selling and $159.13 for buying. The Canadian dollar sold at $115.59 and was bought at $109.43, while sterling sold at $214.03 and was bought at $212.79.

The report also urged consumers to use travel rewards cards only for planned spending, while keeping balances under control. Small businesses seeking financing were advised to maintain clear records, protect credit standing, formalise operations and build banking relationships before capital is urgently needed.