India, May 15 -- The cost of moving goods across India will rise as much as 3% owing to the recent increase in diesel prices in light of the West Asia crisis, All India Transporters Welfare Association (AITWA), which represents approximately 65% of the organised logistics providers, said on Friday.

Ashok Goyal, national president of AITWA, said that the road transport industry, which serves as the backbone of the nation's supply chain and economic movement, is heavily dependent on diesel and oil-derived products for its operations. "In view of the cumulative increase in operational costs and now the diesel price hike, transporters are left with no option but to partially pass on the burden to customers. We expect freight rates across sec...