Indian Railways increases freight rates for coal, steel, iron ore by almost 9%

5-Nov-2018

The Indian Railways has effected a 8.75% increase in freight rates for major commodities such as coal, steel, iron ore, and raw materials for steel plants, according to an official statement on Wednesday.

“The decision to rationalise freight rates will result in additional revenue generation for Indian Railways to the tune of Rs 3,344 crore. The additional revenue will further help enhance various aspects of Railways including safety, service, punctuality,” the statement said.

The freight rates for food grains, flours, pulses, fertilisers, salt and sugar have not been increased, keeping in mind farmers and the common man. Freight rates for cement and petroleum products, including diesel, have also not been increased.

Haulage charges for containers have been increased by 5% and freight rates of other small goods have been increased by 8.75%.

Source: PTI