The hike in diesel prices in February has affected truck shipments. According to the Indian Foundation of Transport Research and Training (IFTRT), truck fares increased by 10 per cent in February. This has affected all commodity prices. Prices of fruits and vegetables increased by 10 to 15 per cent.
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Diesel prices in February were around Rs 4.10 per liter. Because of this, shippers have increased fees. Based on a February and March study of truck prices, IFTRT reported a 10 percent fee increase. In addition to long-distance vehicles, bookings made in retail have also been affected. This is an increase of 20 per cent.
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Delhi-Mumbai fare increased by eight per cent. Due to the increase in freight rates, prices of vegetables have increased in the knees. Merchants say the effect of shipping will be on all goods. Along with fruits and vegetables, wholesale and retail prices of other essential items have also risen. This is a major increase in truck prices over the course of a month.
Route and increased rates
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Source | Freight (1 February) | Freight (1 March) |
Delhi-Mumbai-Delhi | 125300 | 135000 |
Delhi-Nagpur-Delhi | 95600 | 105000 |
Delhi-Kolkata-Delhi | 100400 | 110500 |
Delhi-Guwahati-Delhi | 150600 | 165600 |
Delhi-Hyderabad-Delhi | 131800 | 145000 |
Delhi-Chennai-Delhi | 137900 | 151700 |
Delhi-Bangalore-Delhi | 148900 | 163800 |
Delhi-Ranchi-Delhi | 108200 | 119000 |
Delhi-Raipur-Delhi | 99400 | 109000 |
Delhi-Vijayawada-Delhi | 135000 | 148500 |
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(Note: for shipment of 18 tonnes of cargo.)
SP Singh, a senior researcher at IFTRT, said: “The retail and wholesale market is more expensive than diesel. Truck prices have gone up by 10 per cent and impacted the market by 25 per cent.
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