Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
Diesel prices in Delhi slashed by over Rs 8, to now cost 73.64 per litre: Kejriwal
IANS
New Delhi
Last Updated : 30 Jul 2020 01:54:26 PM IST
Diesel prices in Delhi slashed by over Rs 8, to now cost 73.64 per litre: Kejriwal
Delhi Chief Minister Arvind Kejriwal

 

In a major relief to fuel consumers in the capital, the Delhi government on Thursday reduced VAT on diesel from 30 per cent to 16.75 per cent per litre making the transport fuel cheaper by Rs 8.36 per litre.

With this, pump price of diesel will now come down to Rs 73.64 a litre from the existing level of Rs 81.94 -Rs 82. Petrol will continue to be priced at Rs 80.43 a litre as there is no change in state taxes on it. The price change would be reflected from Friday when retail prices are revised by oil marketing companies.
 
Briefing about the decision of the Delhi Cabinet in a Press Conference, Chief Minister Arvind Kejriwal said, "We were receiving demands from many sectors in delhi to reduce the VAT on diesel. This cut will strengthen the economy in Delhi."
 
Delhi was the only major city in the country where diesel prices were higher than petrol. While diesel is priced at Rs 81.94 a litre here, petrol is holding back the same price since June 29 at 80.43 a litre.
 
The Rs 1.5 a litre differential had led substantial loss of business to pump operators in Delhi as vehicles were getting diesel filled in neighbouring Haryana and Uttar Pradesh. The Delhi Petroleum Dealers Association (DPDA) has written a letter to government earlier to reduce the VAT as it is hampering their business in Delhi and had also threatened to stop operations.
 
Diesel in Delhi became expensive on May 5, when revenue starved Delhi government raised VAT on the fuel suddenly from 16.75 per cent a litre to 30 per cent raising pump prices by Rs 7.10 per litre in one go. The VAT on petrol was also raised from 27 to 30 per cent that increased its pump prices by marginal Rs 1.67 a litre then.
 
The present decision of the Delhi government has brought VAT rates on diesel to the same level that was prevailing before May 5.
 
Taxes on fuel is a rich source of revenue for state governments and accounts for almost a third of its total tax collections. With GST collections hit due to COVID-19 pandemic, taxes on fuel is an easier source to quickly raise revenue.
 



For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

A Thane man, Sagar Surve has been facing torturous trolls and is having sleepless nights f

An old video featuring Priyanka Singh, sister of late actor Sushant Singh Rajput, and her

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186