Tue | Dec 6, 2016

Gas prices down, but goods still costly

Published:Friday | December 5, 2014 | 12:00 AM

THE EDITOR, Sir:

Gas prices have tumbled over the past three months, yet our producers of goods and services have not seen it fit to reduce their prices.

When the price of oil increases on the world market, we see immediate upward movements at the pumps, which are followed shortly after by increases in the prices of goods and services.

Now, Mr Editor, how fair can that be to consumers? The sad thing is that these people will find loads of reasons to justify their price increases, especially when the price of oil goes up, but cannot find a single reason to reduce their prices when the price of oil plummets.

Where is the Private Sector Organisation of Jamaica? What is its function? To suck every ounce of blood from consumers? What is the Government's take on the reluctance of the private sector to reduce the prices of goods and services?

MARCUS BLACKSTOCK

blackstockmarcus@yahoo.com

Greater Portmore,

St Catherine