Delhi Govt reduces VAT, petrol prices slashed by Rs 8 per litre

Last month, the Central government had reduced the excise duty on Petrol and Diesel by Rs. 5 and Rs. 10.

24x7liveindia
Dec 01, 2021 08:38
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Delhi Govt reduces VAT, petrol prices slashed by Rs 8 per litre

New Delhi: Delhi Government on Wednesday reduced VAT on petrol to 19.40 per cent from 30 per cent, petrol price to reduce by Rs 8 per litre, new rates to come in to effect from midnight today.

"BIG RELIEF FOR DELHIITES! 

@ArvindKejriwal govt has slashed VAT on Petrol by approximately Rs 8 /- VAT reduced to 19.40% from 30% Now petrol price set to be cheapest in Delhi in the NCR region!"

Meanwhile, fuel prices were kept unchanged for 27 consecutive days. Last month, the Central government had reduced the excise duty on Petrol and Diesel by Rs. 5 and Rs. 10. Subsequently, the Centre urged States to commensurately reduce VAT on Petrol and diesel to give relief to consumers.

Following the Centres' decision, BJP and Congress-ruled states reduced VAT on fuels to reduce the burden on common people.