Road freight rates to cool off 10-12% following diesel price cut: IFTRT

The expected fall in truck rentals will be the first in five months

Freight rates on key trunk routes are expected to come down by 10-12 per cent in the next few days following the cut in diesel prices, according to the Indian Foundation of Transport Research and Training (IFTRT).

The prices of fruit, vegetables, and other consumables are expected to reduce, offering a relief to consumers.

“Freight rates are expected to come down 10-12 per cent in the next few days,” said S P Singh, senior fellow at the IFTRT, a New Delhi-based think-tank. He attributed it to the fall in diesel prices and an expected drop in value-added tax (VAT) rates by state