Indian government decision of hiking diesel prices by Rs 5 per liter will have major impact on road and rail freights. Charges are expected to rise over 10-15% for both road and rail said industry experts.
The All India Motor Transport Congress (AIMTC) today said it has increased freight charges across the country by 15% following the hike in diesel prices.
“We have decided to pass on the burden of increase in diesel price hike to customers. The freight charges will be increased with immediate effect by 15% across India,†AIMTC spokesperson GP Singh told PTI.
He further said the transport industry was not in a position to absorb the price hike.
Industry experts also report that every thing including cement and steel will cost more amid this hike.
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