GPOC hikes postage rates as costs mount
The Guyana Post Office Corporation (GPOC), struggling to sustain its operations amidst rising costs, has announced new rates for the postage of items.
According to the Corporation, new rates are effective from Monday last and will affect postage for both local and international services.
“This is necessary in order to bring the Corporation’s revenue in line with our costs. Geographical factors have been taken into consideration in our determination for these increases,” GPOC said yesterday.
The changes taking place in the exchange of international mail and how postal operations will compensate each other were among some of the factors being taken into account to increase the rates.
“Under this new regime, it is no longer practical for rates, which have been constant since 2003, to remain unchanged.”
The domestic rate for the first 20 grams will be $80; for Caribbean $130 while packages for Central, North and South America will be $150. For the first 20 grams, the new rate for Great Britain will be $160 while Asia, Africa, Europe/Australia will be $200.
In recent years, the Corporation has been battling to find new ways to increase its revenues.
This is because of direct competition from emails and other private couriers.
While GPOC has remained the main distributor of utility bills, it had faced some fallout in recent years. A large section of its Robb Street headquarters, which was being rented to the Guyana Revenue Authority, was left empty after that agency left.