The Jamaica Urban Transit Company (JUTC) is currently conducting an analysis of falling fuel prices to determine if the savings are enough to roll back bus fares, but one economist is warning that such a move would be foolish.

The latest ex-refinery prices published by Petrojam show that petroleum prices have plummeted locally by close to 25 per cent since June. However, economist Ralston Hyman argued that despite slashing its losses from $200 million to $50 million per month, the JUTC is still not in a position to reduce bus fares.

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