Delhi chief minister Arvind Kejriwal on Thursday reduced the value-added tax (VAT) on diesel from 30% to 16.75%, effectively slashing the fuel price by ₹8.36 per litre in the national capital. Currently, the price of diesel is ₹81.94 per litre in Delhi, much higher when compared to petrol, which is ₹80.43 per litre.
The new diesel rate will come into effect only after the Delhi government’s issues a gazette notification, which was yet to come till the time of going to the press.
Together, we have to revive the economy after the coronavirus disease (Covid-19) pandemic. Currently, diesel is quite expensive in Delhi. It costs around ₹82 per litre. The Delhi cabinet on Thursday has decided to reduce the VAT on diesel from 30% to 16.75%. This will reduce the diesel rate by ₹8.36 per litre. The move is likely to help revive Delhi’s economy,” the CM said during a video press briefing.
