Truck rentals surge 13% in 6 weeks on fuel, tyre costs Top Searches Truck rentals surge 13% in 6 weeks on fuel, tyre costs Nandini Sen Gupta / TNN / Updated: Feb 20, 2021, 08:55 IST FacebookTwitterLinkedinEMail Representational photo. CHENNAI: Rising fuel and tyre prices, coupled with an improvement in cargo availability, have resulted in a sharp increase in truck rentals in the last six weeks. According to S P Singh, senior fellow and coordinator at the Indian Foundation of Transport Research & Training (IFTRT), between January and February 16, truck rentals on trunk routes have gone up by 12-13%. Half of that hike came in the last fortnight itself. Transporters say, apart from the fuel price increase, what has also pinched truckers is the rise in tyre prices. With tyre companies withdrawing discounts, buying a pair is now costlier by Rs 3,000-3,500 said Singh. Transporters are passing on both the fuel and the tyre cost to customers through higher rentals.