New Delhi: Delhi Chief Minister Arvind Kejriwal on Thursday brought down the rate of value added tax (VAT) on diesel from 30% to 16.75% in the national capital at one go, a move which, he said, is likely to reduce the current price of the fuel in the city by Rs 8.36 per litre.
“Together, we have to revive the economy after the coronavirus disease (Covid-19) pandemic. Currently, diesel is quite expensive in Delhi. It costs around Rs 82 per litre. The Delhi cabinet on Thursday has decided to reduce the VAT rate on diesel from 30% to 16.75%. This will reduce diesel rate by Rs 8.36 per litre. This move is likely to help revive Delhi’s economy,” said the CM during a virtual press briefing on Thursday..
On May 4, the Delhi government had increased VAT on both petrol and diesel to 30% from 27% and 16.75%, respectively.
The move was aimed at increasing Delhi’s revenue, which had dipped by 90% in April because of the Co