Petrol price in Delhi to get cheaper by Rs 8 per litre as govt slashes VAT to 19.40%
3 years, 1 month ago

Petrol price in Delhi to get cheaper by Rs 8 per litre as govt slashes VAT to 19.40%

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The decision was taken in a meeting of the Delhi cabinet chaired by Chief Minister Arvind Kejriwal on Wednesday The Delhi government on Wednesday decided to reduce the Value-Added Tax on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre. At a cabinet meeting chaired by Kejriwal, it was decided that the VAT on petrol will be reduced from the present 30 percent to 19.4 percent, leading to a cut of around Rs 8 per litre, officials said. The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre, sources told PTI. The petrol price in Delhi was higher as compared to the NCR cities in Uttar Pradesh and Haryana, where the state governments had announced a VAT cut following the Centre reducing the excise duty on fuel prices.

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