Vijayawada: YV Eswara Rao, general secretary of the AP Lorry Owners Association and south zone vice president of the All India Motor Transport Congress (AIMTC), on Monday urged the central government to abandon any plans to increase fuel prices. He emphasized that the transport sector is already under significant strain due to persistently high fuel costs.
Decline in Crude Oil Prices Not Passed to Consumers
Rao pointed out that despite a decline in crude oil prices in international markets over the past two to three years, the benefits have not reached consumers. "The transport industry continues to bear the burden," he stated. He cautioned that any further increase in fuel prices would directly impact lorry owners and drivers, while also placing an additional financial burden on the general public.
Global Conditions Stable
Rao noted that global conditions remain relatively stable, with no immediate signs of a sharp rise in crude oil prices. In this context, he called on the government to reconsider any proposal to increase fuel prices.
Impact on Economy and Inflation
Highlighting the broader economic impact, Rao warned that higher fuel costs would lead to increased transportation expenses, which would inevitably drive up the prices of essential commodities. "This could further accelerate inflation and raise the overall cost of living," he said. The transport body has appealed to the government to take a balanced decision in the interest of economic stability and avoid any increase in petrol and diesel prices.
