No benefit provided by the government to help a fleet owner in the times of crisis: Surendra Jeet Singh

The transportation companies have been burdened with high fuel rate which exists despite such low rates of crude in international market. The effect or benefit of falling crude in international market has not percolated to this sector at all while all the benefit is being passed on to state-owned refining companies. According to Surendra Jeet Singh, Managing Director, Pinkcity Logistics, it is not a great business decision on part of the government. He adds, “In times of pandemic, the state should subsidise the sectors of industries which are stressed and the government could have helped the sector by assisting on fuel prices and helping with the direct state taxes form the major part of overhead and operational cost. No benefit has been provided by the government to help a fleet owner to maintain the staff during the pandemic. Logistics sector, particularly road, if not provided with these benefits can take more than next three quarters to see an upside.”