Stamp price increase curbed by regulator
AN POST cannot rely on price increases to bolster its financial position intimes of difficult market conditions, the Commission for Communications Regulation said yesterday.
Responding to an application from the postal service for a 7c price increase in the price of a domestic stamp, the regulator said a price increase to help the company return to profitability was “not the full solution” and that An Post would have to increase the volumeof mail delivered while also cutting costs.
The company were granted an interim price increase of 3c on a 38c stamp in March 2002. If approved, the new increase would raise the price of a stamp to 48c.
An Post is also seeking an average 9pc increase for its business which is subject to competition, which includes all post weighing over 100 grams.
