Speed Post & Express Parcel to cost 20 pct more (India)

India Post is planning across-the-board hike in the rates of its mailing, courier and freight services. The rate hike, which comes after nine years, would be applicable to services like speed post, express parcel post and logistics post, and would be in the range of 15-20 pct. Even the rates of normal mails including postcards, competition postcards – used for participating in TV and radio contests – envelopes and inland letters are likely to be revised.

Rate hike for normal mail would be on the minimal side while it would be higher in the case of business and media posts, used mostly by the corporate world. Charges for media post are lower by up to 60 pct of the normal mail.

The postal department last revised the rates in 1999. Private courier services have revised their rates by 10-15 pct following the hike in road and air freight.
“We are planning a rate hike in order to cope with the recent increase in freight charges by the railways and air services. High ATF costs are also impacting our own air service,” an official in the department of posts (DoP) said.

He, however, said the government is trying to minimise the burden which is likely to affect the common man most. However, the total revenue of the post offices would go up by Rs 100 crore only. “This is minuscule compared to our overall revenue of Rs 4,000 crore,” he added.
The rate revision has been necessitated by the fact that postal department recently minimised the weight categories for sending mails and couriers. “Now, there are only three weight categories for speed post and parcels instead of the earlier nine categories. Also, we are trying to make the process easier. The moves require price revisions,” the official said.

Minister of state for communication and IT Jyotiraditya Scindia told Economic Times that the department would try to insulate the common man from the rate hikes. An e-mail sent in this regard to the DoP secretary went unanswered.  Rising fuel costs forced the Railways to levy a special surcharge of 4 pct on all freight excluding iron ore and cement. The surcharge is expected to be in effect till September.

Speed post charges Rs 12-25 while post offices charge Rs 5 for sending 20-gm envelope. Direct mails, mostly used for advertising purpose, are priced around Rs 1.50-2.

1 USD = 43.2899 INR

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