- Delhi govt reduces VAT on petrol from the present 30% to 19.4%
- Price of petrol will go down from the current ₹ 103 per litre to ₹ 95 per litre
- Centre had earlier reduced the central excise duty on the prices of petrol and diesel
The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre, official sources said.
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 percent to 19.4 percent, leading to a cut of around Rs 8 per litre, they added.
The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre, the sources said.
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.
The Centre had reduced the central excise duty by Rs 5 and Rs 10 per litre on the prices of petrol and diesel respectively. Subsequently, several states cut the Value-Added Tax (VAT) on fuel rates.
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