Petrol price in Delhi to get cheaper by Rs 8 per litre as govt slashes VAT to 19.40%

The decision was taken in a meeting of the Delhi cabinet chaired by Chief Minister Arvind Kejriwal on Wednesday

FP Staff December 01, 2021 13:21:41 IST
Petrol price in Delhi to get cheaper by Rs 8 per litre as govt slashes VAT to 19.40%

Representative image. ANI

The Delhi government on Wednesday decided to reduce the Value-Added Tax (VAT) on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre. The decision was taken in a meeting of the Delhi cabinet chaired by Chief Minister Arvind Kejriwal on Wednesday. With this, the petrol price is all set to reduce in the national capital. The new rates would be effective from midnight today.

At a cabinet meeting chaired by Kejriwal, it was decided that the 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, officials said.

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

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.

To control the rising fuel prices in the country, the Centre had on the eve of Diwali, announced excise duty cut on fuels resulting 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. Following this decision, several states, mostly ruled by National Democratic Alliance (NDA) and allies have also cut the Value Added Tax (VAT) on petrol and diesel prices.

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

With inputs from PTI

Updated Date:

also read

Petrol, diesel prices today: Rates static on 14 January, check here what you need to pay in your city
Business

Petrol, diesel prices today: Rates static on 14 January, check here what you need to pay in your city

Petrol and diesel prices on 14 January 2022: Petrol price in Delhi stands at Rs 95.41 per litre while diesel is available for Rs 86.67. In Mumbai, petrol is retailing at Rs 109.98 while diesel costs Rs 94.14

Petrol, diesel prices today: Rates constant on 11 January, check here what you need to pay in your city
Business

Petrol, diesel prices today: Rates constant on 11 January, check here what you need to pay in your city

Petrol and diesel prices on 11 January 2022: Petrol price in Delhi stands at Rs 95.41 per litre while diesel is available for Rs 86.67. In Mumbai, petrol is retailing at Rs 109.98 while diesel costs Rs 94.14

Petrol, diesel prices today: Rates static on 10 January, check here what you need to pay in your city
Business

Petrol, diesel prices today: Rates static on 10 January, check here what you need to pay in your city

Petrol and diesel prices on 10 January 2022: Petrol price in Delhi stands at Rs 95.41 per litre while diesel is available for Rs 86.67. In Mumbai, petrol is retailing at Rs 109.98 while diesel costs Rs 94.14