STOCK MARKET BSE NSE

An additional burden of Rs 800 a day: Lorry owners

Published: 15th September 2012 01:08 PM  |   Last Updated: 15th September 2012 01:08 PM   |  A+A-

The diesel price hike will add a burden of Rs 500-800 per day on each individual lorry owner, Krishna District Lorry Owners Association president K V Ramesh said, not ruling out a hike in the transportation charges.

The owners feel that the hike will definitely cause an increase in prices of essential commodities, passing on the additional burden to the common man.

Ramesh told Express that the hike is a huge onus on individual lorry owners as compared to those who enter into agreements with companies.

“The owners of the comapnies generally declare in the agreement that transport charges will increase with an increase in oil prices. Hence, they may not suffer losses with the present hike,” he said.

Also, there is no demand for the vehicles at present in the market. Only about 24,000 of 40,000 lorries are plying on roads in the district. Chittoor Lorry Owners Association H Amarnath opined that five rupees increase in the diesel per litre in effect will be Rs 6.50 including Vat and other charges. “It is a huge hike which is sure to hit the transport sector hard, including goods transportation,” he said.

For instance, the minimum charge for goods transport from Chittoor to Chennai will be increased from Rs 6,000 to Rs 6500-Rs 7000.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp