Living prices will rocket if the delivery cost increases by 15-20 per cent, FIT warns

As long as there is a demand to buy, it can continue to produce products. But if consumers can’t buy it, the effect will return to the manufacturer and transport operators in long term. 

The products that will be most affected are the consumer goods that are necessary for daily life.

SMEs will be more affected by freight hikes than large firms, which have contracts for one to three months, based on individual market oil prices. But SME operators cannot make contracts with transport companies or can do it for only a short time, so they have to bear the burden in this part if there is an increase in the actual transportation cost.