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Freight rates on key routes shoot past pre-lockdown level on diesel hike

The hike in diesel prices have a direct correlation with the freight rates with fuel as a percentage accounting for more than 65 per cent of the variable operating costs for transporters

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On June 26 both petrol and diesel prices crossed the Rs 80 mark in Delhi going up by 21 paise and 17 paise

Shally Seth Mohile Mumbai
After being subdued for several months, freight rates on key trunk routes have gone up by 10-15 per cent (see chart) following a steep hike in diesel prices. It surpassed rates before the lockdown, according to the Indian Foundation of Transport Research and Training (IFTRT).  

The hike in diesel prices have a direct correlation with the freight rates with fuel as a percentage accounting for more than 65 per cent of the variable operating costs for transporters.

On June 26, both petrol and diesel prices crossed the Rs 80-mark in Delhi, going up by 21 paise and 17 paise, respectively. It was