| The Guyana Minibus Association yesterday released the new,Wholesale NBA Jerseys China, revised, reduced fare structures for several minibus routes; and according to Hilbert Archer, president of the association,Wholesale Jerseys, the operators were aware of the change and were compliant with the new fare structure.However, when Kaieteur News checked some of the bus routes yesterday, the drivers said that they were aware of a change to be made but were unclear on the specifics of the new fare, given that a structure was not circulated or published.This newspaper secured a copy of the changes yesterday on documents signed by Lylon Weithers of the GMBA and stamped with the official stamp. A senior official within the organisation blamed the delay in publication on some unforeseen circumstances.According to the operators with whom this newspaper spoke, as long as the specifics of the fare structure were published, they will comply with it. One driver said, “It’s only fair.”The General Minibus Association and the Guyana Public Transportation Association recently committed to revising a reduced minibus fare in the country, as a result of the drastic reduction in gasoline prices at the Guyana Oil Company and subsequently Shell and Texaco.Minister of Finance, Dr. Ashni Singh, recently announced that Government had granted approval for the prices of fuel sold by the Guyana Oil Company Limited to be reduced, in light of falling oil prices on the world market.Gasoline is currently being retailed at $777 per gallon, which represents a 20.7 percent reduction from the previous price of $980; diesel is expected to be retailed at $791 per gallon,Cheap Jerseys Free Shipping, a 20.2 percent reduction from the previous price of $991; and kerosene is expected to be retailed at $623 per gallon, a 30.6 percent reduction from the previous price of $898.Dr Singh explained that the Government’s decision to implement the reductions stemmed from the considerable decline observed in oil prices on the world market in recent days and weeks.He also indicated that,NCAA Basketball Jerseys, in accordance with the stabilising mechanism that has been utilised by Government in relation to fuel prices and taxes, the excise tax on gasoline would be adjusted to 50 percent, and on diesel to 30 percent. He pointed out that the 30 percent rate on diesel is a highly concessional rate, compared to the 50 percent standard rate on this commodity.Minister Singh emphasised that Government would be maintaining its policy of tax exemption on kerosene. He explained that the price reductions were approved with the strong expectation that the final consumers would benefit directly.In this regard, he drew attention to the call made recently by President Bharrat Jagdeo that public transportation operators would be expected to reduce the fares charged to the travelling public if fuel prices were reduced.The last fare increase introduced by public transportation operators was levied at the time that gasoline prices exceeded $1,000 per gallon.In October, the minibus association announced a fare increase and released a fare structure that went into effect.The body had justified the increase by saying that the hike was inevitable against the backdrop of skyrocketing prices for fuel and essential spare parts.The short-drop fare for minibuses was increased and is still in operation at $80,Wholesale China Jerseys, up from $60. The fare for longer destinations also saw a $20 increase.Fuel price on the world market had increased to as much US$147 per barrel,China Adidas Hockey Jerseys, but this has recently plummeted to an 18-month low of $61. |
