Friday, October 18, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. NHAI hikes toll tax across highways by 5 per cent from June 3

NHAI hikes toll tax across highways by 5 per cent from June 3

There are around 855 user fee plazas on the national highway network on which user fee is levied as per the National Highways Fee (Determination of Rates and Collection) Rules, 2008.

Edited By: Sheenu Sharma @20sheenu New Delhi Published on: June 02, 2024 22:20 IST
NHAI hikes tolls across highways by 5 per cent from June 3, NHAI hikes tolls across highways from to
Image Source : NHAI (X) NHAI hikes tolls across highways by 5 per cent from June 3.

Motorists using expressways will have to shell out more from Monday (June 3) as the National Highways Authority of India (NHAI) has decided to hike tolls across the country by an average of 5 per cent.

The annual revision of highway user fee, which is expected to be in the range of average 5 per cent, was earlier to come into effect on April 1. But the hike was deferred due to the Lok Sabha elections.

"The new user fee will come into effect from 3.6.2024," a senior NHAI official said on Sunday (June 2).

The change in toll fee is part of an annual exercise to revise the rates that are linked to the changes in the wholesale price index (CPI)-based inflation. There are around 855 user fee plazas on the national highway network on which user fee is levied as per the National Highways Fee (Determination of Rates and Collection) Rules, 2008.

Out of these, around 675 are public-funded fee plazas and 180 are operated by concessionaires.

More details are awaited in this regard. 

ALSO READ: Airtel likely to hike price of recharge plans: Here's what company's CEO has to say

ALSO READ: SBI hikes fixed deposit interest rates up to 75 basis points, list of new rates released | Check

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement