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Industry & Economy
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Petroleum
Logistics
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Outlook
Freight charges to go up 5-6%
Mumbai, June 4
With the prices of diesel and petrol revised on Wednesday, logistics operators say that the increase in freight charges would vary 5-6 per cent, going up to 10-12 per cent. According to Mr Vineet Agarwal, Executive Director of Transport Corporation of India, “The revision of diesel prices in February by Re 1, along with this hike of Rs 3, means that the price of diesel has gone up by 10-12 per cent in the last three months.” He said that fuel accounts for 50-60
per cent of the operating cost of trucks, and with this hike the freight charges would typically be up by 5-6 per cent. Mr A.K. Agarwal, Director of DRS Logistics, said that the hike in freight charges will be in the range of 10-15 per cent. “This is not the right time to increase charges as the demand for all commodities is growing,” he said. It is important to understand that the transporters will charge depending on the individual contracts that they have with their clients. “It would be difficult to say how much we are going to increase the charges as the rates are customised according to the contacts that we have with our clients. We did not increase the freight charges at the time of the last hike. It would not be substantial this time too, maybe less than a rupee a kg,” said Mr Vineet Kanaujia, Head of Marketing and Sales, Safexpress Logistics. – Our Bureau
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