The Delhi government on Wednesday reduced value-added tax ꦇ(VAT) on pe💜trol to 19.40 per cent from 30 per cent.
Following🐬 the reduction, petrol rates will be cut by Rs 8 per litre in the national capital. The new prices will be effective from midnight today, reported NDTV.
Meanwhile, fuel prices were kept u๊nc💫hanged for 27 consecutive days. Earlier on November 4, the government had slashed excise duty on petrol and diesel to bring rates slightly down from the record-high levels.
In Delhi, petrol is currently sold for Rs 103.97; while the diesel rate stood at Rs 86.67, according to Indian Oil Corp🅠oration. In Mumbai, petrol is retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.
Among the metro cities, fuel rates are the highest in Mumbai. The rates vary acro♔ss the states due to value-added tax or VAT.
In another development, national oil marketing companies have increased the price of commercial 19kg LPG cylinder by Rs 100.50, 🀅taking the new price to Rs 2,101 in Delhi, reported Business Standard, citing sources privy to the matter.
This is the second-highest price of 19kg commercial cylinder after 2012-13 when it used to cost around Rs 2,200 per cylinder. However, ther🌠e is no increase in prices of other domestic cylinders weighing 14.2kg, 5 kg, 10kg composite or 5kg composite cylinders.
The difference between prices of 14.2kg domestic cylinder and 19kg commercial cylinder has been increased. Presently, a 14.2kg Domestic cylinder in the natio൩ꦐnal capital cost Rs 899.50 and the 19kg cylinder commercial cylinder is costing Rs 2,101.
This may increase the diversion of 14.2kg do♌mestic gas cylinder into restaurants, tea stalls etc which constitute the largest user segment of the 🥂19kg cylinder.
