THE Central Corentyne Chamber of Commerce in Region 6 (East Berbice/Courentyne) has commended Government for its move to reduce gasoline and diesel prices by 30% and kerosene by 42%, and has called for a lowering of passenger fares.A release from the Chamber yesterday said that this action taken by the Administration should be welcome news to the Guyanese public, as it comes in the wake of a significant drop in the price for crude oil on the world market.
It said: “The ball is now in the court of the providers of transportatlon services, such as owners of minibuses, hire cars, water taxis, and trucking services.
“It is hoped and, perhaps, expected that the thousands of commuters across Guyana who use the services of these transportation providers would also benefit from the cut in fuel prices through the lowering of passenger fares.
“After all, providers of transportation services will now be enjoying substantial savings on fuel costs.
“Reduced passenger fares would ease the cost- of-living burden on thousands of commuters across the country and reduced cost of living translates into greater disposable income and increased spending power.
“There is greater circulation of money and the country’s economy thereby receives a shot in the arm.”
With the cut in fuel prices, a reduction in passenger fares for commuters would result in a win-win situation for all, the release from the Chamber added.