 "Truckers' indefinite strike from June 18 to cost exchequer Rs 10 bn a day")
The government is likely to sustain a loss of Rs 10 billion revenue each day as the All India Confederation of Goods Vehicles Owner’s Association (ACOGOA) have threatened to go on an indefinite strike starting June 18.
“The state and Union governments will lose Rs 10 billion revenue each day on diesel sales only as the total tax collected is Rs 38 per litre. In addition, there will be a total economic crisis as raw material and finished goods will not reach the destination”, said Rajinder Singh, secretary general of ACOGOA.
As per the industry body, as many as 7.5 million lorries are expected to remain off-road indefinitely from June 18.
ACOGOA alleged that between May 14 and 31, the diesel price increased by Rs 3.33 per litre which impacted the truck operators' running cost by about Rs one billion a day.
The truckers are facing hardships due to the government policy of fixing the diesel price, toll and third party premium.
“We are requesting the government to pay the heed to our problem and give us some kind of remedy”, added Singh.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%