Petrol will be cheaper in the national Capital by Rs 8 per litre after the Delhi Government on Wednesday announced a reduction of the Value Added Tax (VAT) rate to 19.40 per cent from the existing 30 per cent.
Therefore, petrol rates will come into effect from Wednesday midnight.
Delhi’s diesel rates are cheapest in the National Capital Region (NCR) at Rs 86.76 per litre, while the rates of diesel in Noida and Gurugram are Rs 87.01 and Rs 87.11 per litre respectively.
Taking it to social media, Chief Minister Arvind Kejriwal tweeted, “We have made petrol very cheap in Delhi from today. VAT rates have been reduced from 30 per cent to 19.4 per cent. Petrol and diesel will be cheaper in Delhi as compared to other cities of NCR. I hope this step will bring huge relief to the people of Delhi from inflation.”
The Delhi Government had marginally increased the VAT rate on petrol last year. Back then there was 27 per cent VAT on petrol in Delhi, which was increased to 30 per cent.