Categories: Business

Diesel becomes Rs 7.10 a liter more expensive in lockdown, petrol price rises by Rs 1.67 per liter

Petrol price hiked by Rs 1.67 per liter, diesel by Rs 7.10 a liter in Delhi

new Delhi. The government is suffering a huge loss in revenue due to the slowdown in the economy due to the lockdown caused by the corona virus. The Delhi government has announced an increase in VAT on petroleum fuels in the state after imposing a 70 percent corona duty on liquor to gain revenue.

The Delhi government has increased VAT on petrol and diesel in the state from Tuesday. After this increase, the price of petrol in Delhi has increased by Rs 1.67 per liter and the price of diesel by Rs 7.10 per liter. According to sources associated with oil companies, now one liter petrol in Delhi 71.26 rupees. First this price 69.59 per liter. Similarly, the new price of diesel 69.39 per liter, which is earlier 62.29 per liter.

The Delhi government has increased the VAT rate on petrol to 30 percent from the current 27 percent. Due to this, the price of petrol has increased by Rs 1.67 per liter.

Similarly, the Kejriwal government has increased the VAT rate on diesel to 30 percent from the current 16.75 percent. Due to this, the price of diesel has increased by Rs 7.10 per liter. Now petrol-diesel in the state will attract uniform VAT at the rate of 30 percent.

This post was published on May 5, 2020 11:29 am

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