By Admin 
Transport Industry Crisis: The continuous changes in the prices of petrol, diesel and CNG in India have put the transport industry in a state of confusion. Transport businessmen say that frequent changes in fuel rates in the country based on crude oil prices in the international market have made it difficult to accurately estimate operating costs. Regarding this, All India Motor and Goods Transport Association has demanded from the Central Government to change the fuel pricing system.
Dependence on imported crude oil became a major reason
India imports about 85 percent of its crude oil requirement from abroad. Fluctuations in prices in the international market have a direct impact on the domestic market. However, transport businessmen say that instead of revising the prices of petrol, diesel and CNG simultaneously, changes are made gradually and daily, making it difficult for businessmen to make financial plans.
Problems increased due to change in fuel prices amid rising costs
The country’s transport sector is already facing the pressure of rising operating costs, toll taxes, invoices, insurance premiums, spare parts and other expenses. In such a situation, due to continuous changes in fuel prices, the entire budget of truck operators and drivers is being affected. According to transport companies, due to daily changing prices, problems in fare determination and expense management are increasing.
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Long distance trucks are most affected.
When heavy goods trucks leave from one state to another, sometimes it takes 8 to 10 days or more to return. During this period, if the prices of diesel keep changing continuously, then both the driver and the transporter have to face problems in cash payment, advance amount and accounting of expenses. This further increases uncertainty and economic pressure in business.
The effect of fuel inflation reaches the general public
More than 75 percent of goods transportation in the country is done by road. In such a situation, the increase in diesel prices has a direct impact on the prices of food grains, construction materials, essential commodities and everyday goods. The transport sector believes that fuel price volatility ultimately increases the burden on the pockets of common consumers.
Appeal to the government to review prices once a month
Speaking to ABP Live, All India Motor and Goods Transport Association President Rajendra Kapoor said that Prime Minister Narendra Modi and Union Petroleum and Natural Gas Minister Hardeep Singh Puri have appealed that instead of reviewing the prices of petrol, diesel and CNG daily, it should be reviewed once a month on the basis of average international prices.
He suggested that the prices should be increased or decreased only once a month according to the same average, so that the transport industry, traders and drivers can get stability and economic imbalance can be avoided.
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