President Donald Ramotar.

[www.inewsguyana.com] – President Donald Ramotar has announced a 10% decrease in electricity rates across the board following a recent drop in the price for fuel.

President Ramotar, who was at the time delivering the feature address at the Commissioning of Guyana Power and Light (GPL) Incorporated’s Vreed-En-Hoop Power Station, said the decrease will take effect from March 2015.

The President also said that he is disappointed in the refusal of public transportation operators to reduce their fare to reflect the drop in the price of gas on the market.

He reiterated the call for these operators to reduce their fares so that the general public could benefit.

As of January 19, diesel was retailed at $694 per gallon, from a high of $985 per gallon. With respect to kerosene oil, the price was lowered to $496 per gallon which represents a 42 per cent decrease from its previous price.

Gasoline was reduced to $695 per gallon, which represents a decrease of $300 or 30 per cent from its former price. [Reporting by Tracey Khan – Drakes and Jomo Paul]