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Despite falling oil prices on the international market, commuters using the public transportation system can expect an increase in bus fares some time this month.

The disclosure comes from the President of the National Council on public transportation Godfrey Ferdinand. He explained that while gas prices contribute to any increases that are passed on to the consumer, it is not the only factor.

Mr Ferdinand adds that the previously planned hike in fares had been put on hold as minibus operators feared the impact that it would have on commuters. But he says that consideration has not been reciprocated to drivers.

Meanwhile, The NCOPT President says the membership is expecting a decrease when new gas prices, calculated through a market pass through system are announced on January 12th.

Mr Ferdinand says he also expects to see a drop in prices on several other vehicle parts and accessories which have to be replaced on a regular basis

International reports suggest that oil prices dropped to fresh 5 and a 1/2-year lows on Monday to $55.00 a barrel on worries about a surplus of global supplies and lackluster demand.
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