BREAKING: Diesel to be cheaper by Rs 8 in Delhi as VAT reduced to 16.75%

BREAKING: Diesel to be cheaper by Rs 8 in Delhi as VAT reduced to 16.75%

Diesel price in Delhi: Chief Minster Arvind Kejriwal says the VAT reduction will reduce price of diesel in Delhi from Rs 82 to Rs 73.64

The Delhi Cabinet has decided to reduce VAT (Value Added Tax) on diesel from 30 per cent to 16.75 per cent. This will reduce price of diesel in Delhi from Rs 82 to Rs 73.64 i.e. by Rs 8.36 per litre, Delhi CM Arvind Kejriwal said on Thursday.

Oil marketing companies raised diesel rates by 15 paise per litre in Delhi on July 26, taking the retail selling price to Rs 81.94 per litre, its highest ever. However, petrol prices have not been altered since June 29 and remained unchanged at Rs 80.43 per litre in Delhi.

In the past a few weeks, diesel prices have risen on 30 occasions, while petrol rates have risen 21 times. Oil companies began the daily revision of the two auto fuels from June 7 after keeping the price unchanged for 82 days during COVID-19 induced lockdown.

The Delhi CM also updated people of Delhi on the response the state government received on the job portal set up to provide employment to the Delhi people. "We are receiving a good response on the job portal that was announced just a few days back. Around 7,577 companies have registered, 2,04,785 jobs have been advertised and 3,22,865 people have applied for jobs on it," Kejriwal said.