BackPetrol price in Delhi falls sharply after VAT cut. Check today's rates
Petrol prices dropped by over ₹8 in the national capital as the Delhi government slashed the VAT to 19.4% from 30%
PremiumPetrol prices dropped by over ₹8 in the national capital as the Delhi government slashed the Value-Added Tax (VAT) to 19.4% from 30%. As of today, petrol is priced at ₹95.41 as against yesterday's rate of Rs103.97.
With this, prices of Petrol in Delhi becomes cheapest in the entire NCR. Currently, in Gurgaon and Noida, a litre of petrol can be bought at ₹95.90 and ₹95.51 respectively.
Meanwhile, diesel is priced at ₹86.67 per litre. “The city's diesel prices are already the "cheapest" in NCR at ₹86.67 per litre while the rates of diesel in Noida and Gurgaon are ₹87.01 and ₹87.11 per litre, respectively," the AAP government said in a statement yesterday.
At a cabinet meeting, chaired by the chief minister Arvind Kejriwal yesterday, it was decided the VAT on petrol will be reduced. Later the CM took to Twitter to state, "We made petrol quite cheaper in Delhi today. The VAT was reduced from 30 per cent to 19.4 per cent. Petrol and diesel have become cheaper in Delhi as compared to other NCR cities. I hope this step will give relief to the people of Delhi from price rise."
The petrol price in Delhi was significantly higher as compared to the NCR cities in Uttar Pradesh and Haryana earlier.
The statement released by the AAP government yesterday mentioned, “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 later."
The 10.58 per cent cut in VAT now will directly benefit the public by bringing down petrol price by ₹8, it added.
Check rates in your city
Meanwhile, fuel prices in other cities remained unchanged today. In Mumbai, cost of one litre of petrol is ₹109.98 per litre and diesel rates stand at ₹94.14 per litre.
As for Kolkata and Chennai, petrol and diesel cost ₹104.67 and ₹89.79 and ₹101.40 and ₹91.43 respectively. Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.
Mumbai
Petrol - ₹109.98 per litre
Diesel - ₹94.14 per litre
Chennai
Petrol - ₹101.40 per litre
Diesel - ₹91.43 per litre
Kolkata
Petrol - ₹104.67 per litre
Diesel - ₹89.79 per litre
Hyderabad
Petrol - ₹108.20 per litre
Diesel - ₹94.62 per litre
Bengaluru
Petrol - ₹100.58 per litre
Diesel - ₹85.01 per litre
Lucknow
Petrol - ₹95.28 per litre
Diesel - ₹86.80 per litre
Thiruvananthapuram
Petrol - ₹106.36 per litre
Diesel - ₹93.47 per litre
On 4 November, the Centre had reduced the excise duty on petrol by ₹5 per litre and diesel by ₹10 per litre
(With inputs from agencies)
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