Petrol Price in Delhi Set to Reduce; Kejriwal Govt Cuts VAT by Rs 8. Details Here
3 years, 1 month ago

Petrol Price in Delhi Set to Reduce; Kejriwal Govt Cuts VAT by Rs 8. Details Here

News 18  

In a bid to provide relief to all, the Delhi government on Wednesday had reduced the Value Added Tax on petrol by Rs 8. To control the skyrocketing fuel prices in the country, the Centre had announced to reduce excise duty on petrol and diesel by Rs 5 per litre and Rs 10 per litre respectively on November 4. The total incidence of taxes on petrol has come down to 50 per cent and that on diesel to 40 per cent following a reduction in excise duty by the central government. In Mumbai, the retail price of petrol stood at Rs 109.98 per litre, highest among the metro cities. The retail price of petrol and diesel is calculated after adding central excise, commission paid to dealers and value-added tax to basic oil prices.

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