Truck rentals up 8% on higher fuel price; food items may see price rise

Truck rentals up 8% on higher fuel price; food items may see price rise
PTI
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First Published: Fri, Jul 03 2009. 04 18 PM IST
Updated: Fri, Jul 03 2009. 04 18 PM IST
New Delhi: In what could result in higher prices for food items and other essential products, transporters across the country have raised truck rentals by 8% after the government hiked fuel prices on 1 July.
“Our costs have gone up by 7.6% because of the petrol and diesel price hike. So, transporters have raised rentals by 8% from today,” All India Transporters’ Welfare Association (AITWA) president Ramesh Agarwal said.
However, All India Motor Transport Society’s secretary Gurinder Pal Singh said the hike in freight rates would be in the region of 3-5% and come into force from next week.
According to Transport Corporation of India (TCI), which has one of the largest fleets of trucks in the country, the hike in rentals would be between 3-7%.
“In the next few days, the freight rates would go up 3-7%, depending upon place and sectors,” TCI executive director Vineet Agarwal said.
The government hiked prices of diesel by Rs2 per litre and petrol by Rs4 per litre with effect from 1 July.
Describing it as “painful”, Ramesh Agarwal said the hike in diesel price has disappointed the truckers.
The transporters have gone on strike twice in the last one year protesting high diesel prices among other issues.
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First Published: Fri, Jul 03 2009. 04 18 PM IST
More Topics: Truck rentals | Trucks | Transport | Petrol | Diesel |