HomeNATIONDelhi government slashes VAT on petrol to 19.40%

Delhi government slashes VAT on petrol to 19.40%

Delhi Government on Wednesday reduced VAT on petrol to 19.40 per cent from 30 per cent. Following the reduction, petrol rates will be cut by Rs 8 per litre in the national capital. The new prices will be effective from midnight today.

Currently, the cost of one litre of petrol in the national capital stands at ₹103.97/litre. It is likely that price of petrol after the VAT cut will go down from to ₹95 per litre.

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 had announced a reduction of Rs 5 per litre in the excise duty on petrol and a Rs 10 per litre on diesel in the first week of November, after fuel prices touched a record high.

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Since then, opposition parties in Delhi have been urging the state government to cut VAT on petrol at their end as well. Delhi BJP leaders had demanded that VAT be cut by Rs 10 per litre of petrol, after the Centre’s announcement.

(With inputs from ANI)

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