NHAI hikes highway tolls across the country by around 5%
"The new user fee will come into effect from 3.6.2024," a senior NHAI official said on Sunday.
![NHAI hikes highway tolls across the country by around 5%](https://www.psuconnect.in/sdsdsd/nhai7.jpg)
National Highways Authority of India (NHAI) has decided to hike tolls across the country by an average of 5 percent which could have enough impact on the travelling of the general public.
This is an annual revision of highway user fee, which is supposed to be in the range of an average of 5 percent, and expected to come into effect on April 1, but was delayed 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.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe 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.
As per the National Highways Fee (Determination of Rates and Collection) Rules, 2008, there are around 855 user fee plazas on the national highway network on which user fee is levied Out of these, around 675 are public-funded fee plazas and 180 are operated by concessionaires.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh