The latest diesel price hike may lead to truck rentals going up further at least by 2-3%, as fleet owners are facing increased input costs, forcing them to pass on the hike to their customers. Unlike in the earlier occasions of diesel price hike, this time around, fleet owners are facing much heat with vehicle prices going up from April 1, coupled with third party insurance costs rising further and toll rates witnessing another round of increase.
“All the input costs have gone up, now there is no reason to believe that rentals will not increase further. I think truck rentals may go up by 2 to 3%,” SP Singh, senior fellow & co-ordinator, Indian Foundation of Transport Research and Training (IFTRT), told FE.
