Petrol Price in Delhi To Come Under Rs 100 After Delhi CM Slashes VAT

NEW DELHI: Delhi government on Wednesday reduced the VAT on petrol by Rs 8 per litre. The new rates will come into effect from midnight.

The decision was made in a cabinet meeting chaired by CM Arvind Kejriwal. The new price will be Rs 95 instead of Rs 103.

CM Arvind Kejriwal posted on twitter announcing this big relief for Delhites.

He wrote that “Today we made petrol very cheap in Delhi. VAT rate reduced from 30% to 19.4%. Petrol and diesel become cheaper in Delhi as compared to other cities of NCR. I hope this step will give relief to the people of Delhi from inflation.”

The old rate of VAT in Delhi was 30% which has been reduced to 19.4%.

This step comes after the Centre has announced a reduction of Rs 5 per litre in the excise duty on petrol and Rs 10 litre on diesel in the first week of November just before Diwali. Since then the opposition parties have been urging the Delhi government to cut the Vat on their end as well.

The petrol price in Delhi was higher than the NCR cities in Haryana and Uttar Pradesh.

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