Delhi Witnesses Biggest One-Time Cut in Diesel Cost

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In a series of events to boost trade during the COVID-19 outbreak, the Delhi Cabinet today, decided to reduce VAT (value-added tax) on Diesel to 16.75% from 30%. This will reduce the price of diesel in the capital from Rs. 82 to Rs. 73.64 or by Rs. 8.36 per liter, said Delhi Chief Minister Arvind Kejriwal

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It is the biggest one-time cut in VAT on diesel in the capital. In May, the Delhi government had increased VAT on auto fuels as well as there was a sharp hoke in excise duty. 

Currently, diesel retails at Rs. 81.94 per liter in Delhi while petrol at Rs. 80.43. These fuels do not fall under the purview of the goods and services tax (GST). 

Talking about the country’s economy amid Coronavirus scare CM Arvind Kejriwal said, “The people of Delhi have brought the COVID-19 situation under control. However, we need to ensure social-distancing and wear masks. If we become complacent, COVID might spike again.” 

“The people of Delhi have accepted big challenges in the past and have overcome them. We will accept and win this economic challenge as well,” he added. 

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