The impact of rising diesel prices and shortage in the country is now clearly visible on the transport sector. The situation has become so serious that transporters have started parking their trucks in large numbers. According to a report, out of about 95 lakh trucks present across the country, about 20 percent i.e. 19 lakh trucks have gone off the roads. This is having a big impact on the freight system. According to the report of Economics Times, high prices of diesel and problems related to supply have increased the costs of transport companies significantly. To compensate for the increasing expenses, companies have now started increasing freight charges. It is expected to have a direct impact on the prices of everyday items in the market.
According to the report, freight fares on major routes from West India to North India have increased by 10 to 15 percent. At the same time, an even greater increase is being seen in the prices of local transportation up to 30 kilometers. Transport businessmen say that after the increase in the cost of diesel, it is no longer possible to run trucks at the old rates. People associated with the transport industry say that if the situation does not improve soon, the supply chain may be seriously affected. Due to the cost of transportation of fruits, vegetables, milk, ration and other essential goods, common people may face a big shock of inflation in the coming days. Especially the prices of everyday food items are expected to rise.
Experts believe that freight transportation by road in India is considered the backbone of the country’s economy. If a large number of truck operations stop, it will impact not only the market but also industries and business activities. Many small traders and local suppliers are already troubled by increased transportation costs. Transport companies say that their operating expenses have become out of control due to the continuous increase in diesel prices. Many companies are running limited trucks only to avoid losses. Some small transporters have temporarily stopped their work.
Economic experts say that if freight continues to increase, its effect may be visible on the retail inflation rate as well. Especially the increase in prices of food items and essential consumer goods will affect the household budget of the common people. At present, no major statement has come from the government regarding the situation in the transport sector, but the industry is demanding immediate relief on this issue. In the coming days, the government’s decisions on diesel prices and transport costs can have a direct impact on the pockets of the general public.