The Confederation of Truckers Association of the Philippines (CTAP) is temporarily shelving plans to impose a fuel surcharge as well as an upward adjustment in general cargo rates after the continuing drop in prices in the last few weeks.
CTAP president Ruperto Bayocot said the current price of diesel is still “high but tolerable”.
He said, “The fuel surcharge will be shelved for a while due to the continuing drop in the price of diesel. However, there may be alteration in rates on a per client basis.
“General rate increase is also unlikely right now.”
Diesel pump prices range from P37 to P38 per liter, P5 to P7 less than in the first quarter of the year. However, oil players have announced a hike in prices due to higher rates in the world market.
To date, CTAP member truckers are handling 10% more volume than last year due to strong performance of local and foreign cargoes. Import cargoes continue to dominate volume but export volume has also gone up.
For the last few years, trucking operators have been content with a flat to at best 5% increase in volume annually due to the slowdown in the global economy.
Gasoline Pump Nozzles by Just2shutter
Image courtesy of www.freedigitalphotos.net
