Freight rates may rise 2.8% with ₹5 diesel hike
pre-market1 source ↓written by the desknot a recommendation
- rise in diesel
- ₹5 per litre
- due to steady
- ₹1,000 crore daily
Rising crude oil prices are impacting India's trucking and logistics sector. A report by Crisil estimates that freight rates may need to increase by 2.5-2.8% for every ₹5 per litre rise in diesel prices to maintain transporter margins. This comes as oil marketing companies face losses of nearly ₹1,000 crore daily due to steady retail fuel prices amid elevated global crude costs.
Not investment advice. For informational purposes only.