It is reported that truck rentals have surged 6% to 8% while retail freight is up by 12% to 15% after a hike in diesel prices by INR 2.58 per liter ex Delhi and INR 3 per liter ex Mumbai & Chennai was announced in the Budget proposal last week.
For a nine-tonne payload between Delhi-Mumbai-Delhi, rentals rose to INR 46,000 per trip as on March 3 from INR 42700 per trip as on February 4 a rise of 7.73%for Delhi-Nagpur-Delhi INR 43,400 from INR 40,200, a rise of 7.96% for Delhi to Kolkata to Delhi INR 44,800 from INR 41,500, a rise of 7.95%, Delhi to Guwahati-Delhi INR 82,000 from INR 77,200 a rise of 6.22%.
According to a compilation made by the Indian Foundation of Transport Research and Training, a non government organization associated with the transport sector, the rise of 6% to 8% in truck rentals is at a higher side compared with the weighted impact of the diesel hike of 3.5% to 4.5%.
Mr SP Singh senior fellow and coordination of the foundation, said that “This disproportionate and concerted hike across the country has come against the backdrop of the booming transport freight market, as manufacturing and import-export trade is growing at double digits and it has improved the cargo offering by 10% to 12% in last four to five months.”
Mr Singh further added that truck rentals had already gone up cumulatively by 14% to 16% during October 2009-January 2010 even without the rise in diesel price. He added that “This hike was a cushion to absorb the diesel price rise of INR 2.58 per liter ex Delhi and INR 3 per liter ex Mumbai and Chennai. However, the market forces are in favour of the truck transport industry due to oversupply of cargo and the manufacturing sector willing to pay higher freight due to increased prices of their products.”
(Sourced from Business Standard)
with thanks : source : http://steelguru.com/news/index/MTM1NzQ4/Road_freight_zoom_by_up_to_8_pct_on_diesel_price_hike.html
www.RWABhagidari.blogspot.com
For a nine-tonne payload between Delhi-Mumbai-Delhi, rentals rose to INR 46,000 per trip as on March 3 from INR 42700 per trip as on February 4 a rise of 7.73%for Delhi-Nagpur-Delhi INR 43,400 from INR 40,200, a rise of 7.96% for Delhi to Kolkata to Delhi INR 44,800 from INR 41,500, a rise of 7.95%, Delhi to Guwahati-Delhi INR 82,000 from INR 77,200 a rise of 6.22%.
According to a compilation made by the Indian Foundation of Transport Research and Training, a non government organization associated with the transport sector, the rise of 6% to 8% in truck rentals is at a higher side compared with the weighted impact of the diesel hike of 3.5% to 4.5%.
Mr SP Singh senior fellow and coordination of the foundation, said that “This disproportionate and concerted hike across the country has come against the backdrop of the booming transport freight market, as manufacturing and import-export trade is growing at double digits and it has improved the cargo offering by 10% to 12% in last four to five months.”
Mr Singh further added that truck rentals had already gone up cumulatively by 14% to 16% during October 2009-January 2010 even without the rise in diesel price. He added that “This hike was a cushion to absorb the diesel price rise of INR 2.58 per liter ex Delhi and INR 3 per liter ex Mumbai and Chennai. However, the market forces are in favour of the truck transport industry due to oversupply of cargo and the manufacturing sector willing to pay higher freight due to increased prices of their products.”
(Sourced from Business Standard)
with thanks : source : http://steelguru.com/news/index/MTM1NzQ4/Road_freight_zoom_by_up_to_8_pct_on_diesel_price_hike.html
www.RWABhagidari.blogspot.com
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