Petrol price to reduce by ₹8 in Delhi
NEW DELHI: The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the price of the fuel in the city by about ₹8 per litre, a move Chief Minister Arvind Kejriwal said will give relief to Delhiites from inflation.
The petrol and diesel prices in Delhi have now become cheaper compared to other cities in the National Capital Region (NCR), Kejriwal said.
At a cabinet meeting chaired by the chief minister, it was decided that the Value-Added Tax (VAT) on petrol will be reduced from the present 30% to 19.4%, leading to a cut of around ₹8 per litre, government officials said.
“We made petrol quite cheaper in Delhi today. The VAT was reduced from 30% to 19.4%. Petrol and diesel have become cheaper in Delhi as compared to other NCR cities. I hope this step will give relief to the people of Delhi from price rise,” Kejriwal said in a tweet.
The price of petrol after the VAT cut will go down from the current ₹103 per litre to ₹95 per litre, the officials 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’s decision to reduce the excise duty on fuel prices.
The petrol and diesel prices remain unchanged for about a month on Wednesday across the nations including major cities like Delhi, Mumbai, Kolkata and Chennai.
As of 1 December, the price of petrol in Delhi stands at ₹103.97 per litre while that of diesel is at ₹86.67 per litre. In Mumbai, cost of one litre of petrol is ₹109.98 per litre and diesel rates stand at ₹94.14 per litre.
As for Kolkata and Chennai, petrol and diesel cost ₹104.67 and ₹89.79 and ₹101.40 and ₹91.43 respectively.
Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.