Mumbai: Truck operators have announced plans to raise freight rates by up to 20 per cent within hours of the government announcing a hike in fuel prices, a move which will have a cascading effect on prices.
"The freight rate could be hike between 15 to 20 per cent," All India Motor Transport Congress Managing Committee member Deepak Sachdeva said.
The All India Motor Transport Congress, the representative body of truck operators and transporters, is meeting tomorrow to work out the impact of the rise in fuel prices and announce the new freight charges.
All major transport associations affiliated to the congress would also meet on Saturday to take stock of the situation.
The transporters within Delhi and NCR region have already increased the freight rates by 10 per cent.
The government has raised the petrol and diesel prices by Rs 5 and Rs 3 per litre respectively.