OIL & GAS

Delhi govt slashes VAT on fuel to 19.4%, petrol gets cheaper by ₹8 per litre

The Delhi government on Wednesday slashed the value added tax (VAT) to fuel price from 30% to 19.40%, making petrol cheaper by ₹8 per litre in the national capital. The decision was taken during a Cabinet meeting chaired by chief minister Arvind Kejriwal earlier in the day.

Taking to Twitter, soon after announcing the decision, Kejriwal said once implemented the fuel price would become cheaper in Delhi as compared to other cities in the national capital region.

The Centre cut excise duty on petrol by ₹5 per litre and ₹10 per litre on diesel to bring down the retail prices across the country on the eve of Diwali last month.

Following the Centre’s surprise move, several states and Union territories, especially those governed by the Bharatiya Janata Party (BJP) and allies, also followed suit.

The price of fuel remained unchanged for the 28th straight day on Wednesday across the country, following the Centre’s decision. Before the Delhi government’s decision to slash VAT on fuel price, petrol fetched ₹103.97 a litre while diesel was being sold for ₹86.67 per litre earlier in the day.

Source
Hindustan Times
Show More

Related Articles

Back to top button
Close
Close