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regular-article-logo Friday, 22 November 2024

Delhi government cuts VAT on petrol

The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre

Our Special Correspondent New Delhi Published 02.12.21, 02:44 AM
Representational image.

Representational image. File photo

The Delhi government on Wednesday cut the VAT on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre.

At a cabinet meeting chaired by chief minister Arvind Kejriwal, it was decided that the value-added tax (VAT) on petrol will be reduced from the present 30 per cent to 19.4 per cent, leading to a cut of around Rs 8 per litre.

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The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre.

While the Delhi government has slashed VAT on petrol, no such decision has been taken for 16.75 per cent VAT on diesel. A litre of diesel costs Rs 86.67 in the national capital.

The price of petrol in Delhi was higher compared with the NCR cities in Uttar Pradesh and Haryana, where the state governments had announced a VAT cut following the cut in excise duty on fuel prices by the Centre.

Meanwhile, fuel prices remained unchanged for the 27th consecutive day on December 1 after the Centre cut the excise duty to bring down retail rates from record highs.

The Centre had on the eve of Diwali announced an excise duty cut on fuels, which resulted in a sharp decrease in petrol and diesel prices across the country.

The government had cut the price of petrol by Rs 5 and that of diesel by Rs 10.

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