Toll Tax: NHAI has hiked toll tax by 5 percent, effective today

Toll: There is an important message for those who own and drive cars, buses, trucks and other passenger and commercial vehicles. That is, the National Highways Authority of India has hiked tolls on all routes across the country from Monday. According to media reports, the toll tax across the country will increase by around 5 percent from Monday, June 3, 2024. After this, drivers passing through the toll booth will have to pay toll at an increased rate. The National Highways Authority of India (NHAI) has decided to increase toll charges by an average of 5 per cent across the country, with the toll tax increasing by five per cent from today. Motorists using the highways now will have to pay higher tolls from Monday. The revision of the annual tax payable after using the national highway was to be implemented from April 1, but was postponed due to the Lok Sabha elections. The average annual revision will be in the range of five percent. The new toll will come into effect from June 3, 2024, a senior NHAI official said on Sunday. Why is RBI hoarding so much gold from abroad, any indication? Impact of Inflation on Toll Duty: The toll duty hike is reported in the media as part of the process of annual revision of rates in relation to changes in inflation based on the Wholesale Price Index (CPI). There are about 855 toll booths on the National Highway Network, which are charged as per the National Highway Toll (Fixation of Rates and Collection) Rules, 2008. This move by NHAI will affect the pockets of millions of vehicle drivers and owners in the country. GCMMF’s announcement, Amul milk prices increased.