Delhi Cabinet decides to reduce VAT on diesel to 16.75% to 'propel economy'

Chief Minister Arvind Kejriwal Thursday announced a reduction in the Value Added Tax (VAT) on diesel from the existing 30 per cent to 16.75 per cent, saying the move will help propel Delhi's economy.

The diesel price will be reduced by Rs 8.36 in Delhi due to the VAT cut, Kejriwal said in a virtual press briefing.

Click here to connect with us on WhatsApp

He said there was a serious challenge of reviving the economy of Delhi but it will be achieved together with cooperation of people.

The diesel price will now come down from Rs 82 a litre to Rs 73.64 a litre, he said and added that traders and industrialists in the city had demanded it.

The decision was taken in a meeting of the Delhi Cabinet chaired by the chief minister.

Also Read

As crude plunges to $33 a barrel, India sees fall in petrol, diesel prices

Oil companies pause after hiking petrol, diesel prices for 21 days straight

Another hike in fuel prices, petrol and diesel cross Rs 80-mark in Delhi

Petrol, diesel prices reduced further for the fourth straight day

Just 36 paise shy, diesel prices set to surpass petrol for the first time