Georgetown : Head of the Presidential Secretariat Dr. Roger Luncheon said the PPP/C administration is disappointedover the increase in cement prices on the market and the hike in transportation fares by some route operators.
Dr. Luncheon at his weekly post-Cabinet briefing at the Office of the President stated that Cabinet in reviewing the situation is inclined to establish a shuttle service for large settlement communities.
“This will cater for buses to be provided to transport coops whose creation would be encouraged, and for them to benefit from cut in tax, for the importation of these vehicles and also for them to function in an acceptable context with the rest of the public transport system,” Dr. Luncheon said.
Over the past three weeks the Government had noticed the increase of fares.
Prior, the Ministry of Finance had announced the reduction of the excise tax on gasoline from 15 percent to 10 percent, allowing GuyOil to continue to retail gasoline at a cost of $980 per gallon resulting in no increase in public transportation fares.
The Cabinet Secretary had recently also expressed the Government’s concern over the issues, especially the increase for cement on the market noting that fair trade and competition rules and regulations are again being breached by major players in the retail sector.
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