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Truck Rental Zooms High: Effect of expensive diesel, up to 10 percent jump in truck fares in two months

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Truck Rental Hike: Due to expensive diesel, the freight charges have become expensive in the country. Due to the increase in diesel prices, there has been an increase of up to 5 percent in TRuck Rentals on all routes across the country. Indian Foundation of Transport Research and Training (IFTRT) has given this information in its report. Earlier in March 2022 too, due to expensive diesel, the transporters had decided to increase the freight charges by up to 5 per cent when the price of diesel was increased by Rs 5.70 per litre. That is, the fare of trucks has become expensive by 10 percent in two months.

costlier diesel effect
According to IFTRT, in the first week of April, state-owned oil companies had decided to increase the prices of diesel by Rs 3.60 a liter when crude oil was trading around $110 a barrel in the international market. After the increase in diesel prices, there has been an increase in the rent of trucks by 4 to 5 percent. In fact, if the economy is coming back on track after Corona, then the demand has also increased. In such a situation, the movement of goods has increased, in such a situation there is a huge demand for trucks, so the transporters have increased the freight after increasing their cost.

Inflation increased due to expensive freight
However, its effect is being seen in the form of inflation. Food items are getting increasingly expensive. So apart from home making items, cement, bars, consumer durable items, FMCG companies are also increasing the price of whole detergent. And one of the main reasons for increasing the price is the cost of freight, which is emerging after the expensive diesel. Let us tell you that since March 22, 2022, government oil companies have increased the price of diesel by up to Rs 10 per liter.

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