Lagatar24 Desk
New Delhi, Dec 1: The Delhi government on Wednesday reduced the Value Added Tax (VAT) on Petrol from 30% to 19.40%.
Following this, the price of petrol in Delhi is likely to get cheaper by approximately Rs 8. Earlier the price of petrol in Delhi was Rs 103.97 per liter. New rates to come in to effect from midnight today.
The decision was taken during the cabinet meeting chaired by Delhi Chief Minister Arvind Kejriwal today.
Notably, on Diwali eve, the Centre cut excise duty on diesel to bring down the retail prices across the country. Several states have already cut VAT on petrol and diesel.
