Delhi hikes VAT on petrol, diesel — check new rates
Diesel prices in Delhi went up to Rs 69.39 per litre on Tuesday, a surge of Rs 7.10 per litres, as the state government increased the value added tax (VAT) on diesel from 17% to 30%. The VAT on petrol has been raised by three percentage points to 30%, translating to a rise of Rs 1.67 to Rs 71.26/litre.
The surge in diesel VAT is the highest among the 13 state/UTs which increased their taxes on petroleum products to shore up their revenue in the middle of the coronavirus crisis. Delhi has earned Rs 2,811 crore through VAT from selling about 3.5 million tonne of petroleum product in the first three quarters of FY20. Total VAT on petroleum products collected by all states in April-December 2020 was Rs 1.6 lakh crore.
