Fuel Price Surge Fuels Concern: Impact on West Bengal's Transport Costs
Transport operators in West Bengal warn that the recent increase in fuel prices has raised freight costs by 3%, urging the government to prevent disproportionate product price hikes. The rise in costs varies across metros, with Kolkata experiencing the steepest hike among the four major cities.
- Country:
- India
The recent fuel price hike has become a significant concern for transport operators in West Bengal, leading to a 3% increase in overall freight costs. The government is urged to prevent traders from disproportionally raising product prices.
Kolkata witnessed the steepest fuel price hike among India's metros, contrasting with smaller increases seen in Delhi, Mumbai, and Chennai. Rate variations are attributed to differences in value-added tax across states.
Transport bodies suggest reducing local levies to mitigate the impact on operators, already burdened by financial strain. The increase follows 11 weeks of stable prices, despite global energy rate surges due to geopolitical events in West Asia.
(With inputs from agencies.)
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