Lorry freight charges to go up by 25% from June 15 amid diesel price hike
The State Lorry Owners’ Federation announced a 25% increase in freight charges starting June 15 due to rising diesel costs linked to U.S.-Iran tensions. The federation also expressed opposition to mandatory vehicle tracking devices and increased fitness certificate fees.
Why it matters
Rising freight costs are likely to contribute to inflationary pressure on goods across the supply chain in India.
The State Lorry Owners’ Federation has decided to increase lorry freight charges by 25% from June 15, citing the sharp rise in diesel prices, which it attributed to the ongoing conflict between the U.S. and Iran, and the consequent increase in operating costs.
Presents the federation's grievances and justifications without taking a side.
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