New Delhi: Delhi’s Arvind Kejriwal cabinet has decided to reduce VAT on diesel from 30 percent to 16.75 percent. This will reduce the price of diesel by Rs 8.36 per liter in Delhi, and diesel for Rs 82 per liter will be available for Rs 73.64. This information was given by Delhi CM Arvind Kejriwal.
Delhi Chief Minister Arvind Kejriwal said, “I will meet the traders in the coming days through video conferencing and will try to fix it if they have any other problems.”
Oil companies raise prices uniformly across the country, but retail prices vary due to the imposition of sales tax or Value Added Tax (VAT) on these two fuels at different rates in the states. On 16 October 2018, the price of diesel in Delhi reached an all-time high of Rs 75.69 per liter. Now diesel prices have surpassed this record.
