People’s Progressive Party/Civic (PPP/C) Member of Parliament, Mr Irfaan Ali, has called on the Government to immediately adjust electricity rates and fuel prices to reflect the reality of a drop in fuel prices worldwide.
Ali said Guyanese consumers must, for instance, benefit from the tremendous cost savings that the Government and the Guyana Power and Light is receiving.
Alluding to the fact that more than 50 per cent of the cost of production is attributed to fuel charges, he said that “at a minimum” the Government should consider a reduction of 30 per cent in electricity tariff.
“This would not only help households but the manufacturing sector which would redound to the overall benefit of the economy,” Ali posited.
According to him, it is also highly “unfair” that consumers are asked to bear high fuel prices when the international price for fuel came down in excess of 40 per cent within the last eight months.
“There is no justification for the prices currently paid at the pump. The minibus association and taxi association cannot remain silent on this issue. Prices must be adjusted to the benefit of the consumers,” the PPP/C Member of Parliament contended.
He explained that a free and open market must be able to bring benefit when commodity prices are low, and the Government should be made aware that Guyanese are very much looking forward to these benefits.