Petrol Value in Delhi Hiked by Rs 1.67 Per Litre, Diesel by Rs 7.10 as Govt Raises VAT

Representative Image. (Image: PTI)

Consultant Picture. (Picture: PTI)

Petrol in Delhi now prices Rs 71.26 a litre as in opposition to Rs 69.59 beforehand, oil trade sources mentioned.

Petrol value within the nationwide capital was hiked by Rs 1.67 a litre on Tuesday and diesel by a steep Rs 7.10 per litre after the Delhi authorities raised native gross sales tax or value-added tax (VAT) on the 2 fuels.

Petrol in Delhi now prices Rs 71.26 a litre as in opposition to Rs 69.59 beforehand, oil trade sources mentioned. Diesel value has been hiked to Rs 69.39 per litre from Rs 62.29.

This follows Delhi authorities’s determination to lift VAT on petrol to 30 per cent from 27 per cent, beforehand. Within the case of diesel, VAT has been virtually doubled to 30 per cent from 16.75 per cent.

The transfer to hike gasoline costs is predicted to spice up the federal government income, which has been hit onerous as a result of coronavirus lockdown, information company IANS reported quoting Delhi authorities officers.

After the choice to the elevate the costs of the petrol and diesel was introduced, Deputy Chief Minister Manish Sisodia, who additionally holds the portfolio of Finance Minister, wrote on Twitter, “Life is not all about rainbows and sunshine. Robust occasions want Robust options – my studying as Finance Minister.”

On Monday evening, the Delhi authorities had additionally imposed a 70 per cent ‘Particular Corona Price’ cess on liquor.

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