OnDemand WTP Pricing Research

‘15% freight hike can escalate essential commodities’ prices’ | Times of India

Bal Malkit Singh of All-India Motor Transport Congress said, “The increase in freight charges will escalate transportation costs of traders, which will impact the final price of products. The common man will have to bear the brunt and costs.”

Ashok Goyal of Bombay Goods Transport Association said during the March-May quarter, most drivers go to their native place due to the wedding and crop harvesting season. “Almost 20% of our vehicles are lying idle due to the driver shortage in Mumbai. During this quarter, the situation got worse as almost 40% vehicles are off the roads,” he said, adding, “This leads to a surge in pricing and freight rates have gone up by almost 15% and may surge up to 25% in the coming weeks.

Read complete article here:

essential goods: ‘15% freight hike can escalate essential commodities’ prices’ | Mumbai News – Times of India.