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Wednesday 20 August 2014

Stamps will rise over 10pc as An Post tries 'to stem financial losses'

Nicola Anderson

Published 21/06/2014 | 02:30

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Stamp prices will remain among the lowest in Europe

THE price of a stamp will rise significantly next month.

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It comes after An Post got the green light from ComReg for an increase in postage rates.

From July 21, a standard domestic letter will now cost 68c to post – up 8c from 60c – while the standard international letter rate will increase from 90c to €1 for items up to 100g.

Announcing the rise, An Post said the increase was necessary to "stem the unsustainable financial losses" arising from the company's Universal Service Obligation which led to losses totalling €55m in 2013, whereby customers in all areas of the country are provided with daily collection and delivery services for a uniform tariff.

It pointed out that the new domestic rate is still below the EU average of 71c and that despite the rise, rates will remain among the lowest in the EU.

"Our services continue to offer excellent value for money and these new tariffs will help to ensure the sustainability of our Universal Service Obligation, which is essential for Irish businesses of all sizes as well as for our personal customers," a spokesperson for An Post said.

Irish Independent

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