After a Month, Delhi Reduces Petrol by ‘8 Rupees’

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A petrol Pump in Delhi (in pic)

New Delhi: The Delhi government has decided to reduce petrol prices by Rs 8. This decision came after the Centre decided to reduce prices. The Delhi cabinet has decided to slash VAT from 30% to 19.40%.
After this, the Petrol in the national capital will now cost Rs 95.97. Before the reduction, down from Rs 103.97.
On November 3rd, The Centre announced a reduction of Rs 5 per litre in the excise duty on petrol and a Rs 10 per litre on diesel in the first week to cool down the soaring prices of the petrol.

The pressure was mounting on Delhi Government as the opposition parties were urging the state government to cut VAT on petrol at their end as well. Delhi BJP leaders had demanded that VAT be cut by Rs 10 per litre of petrol, after the Centre’s announcement.

As a federal state, fuel prices differ from state to state in India depending on the local taxation (VAT) and freight charges by the state. The Centre also does the same to collect revenue from states.

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