Delhi Govt Cuts Petrol Price By Rs 8 Per Litre; New Rate Effective From Midnight

The Delhi government also reduced Value Added Tax (VAT) on petrol to 19.40 percent from 30 percent.

The Delhi government has cut petrol prices by Rs 8 per litre and reduced VAT on petrol to 19.40 percent from 30 percent.

(Photo Courtesy: iStock)

The Delhi government has cut petrol prices by Rs 8 per litre and reduced Value Added Tax (VAT) on petrol to 19.40 percent from 30 percent, news agency ANI reported on Wednesday, 1 December.

The new rates will come in to effect from midnight on Wednesday.

This decision came after Chief Minister Arvind Kejriwal chaired a Cabinet meeting on Wednesday morning. Currently, petrol is being sold at Rs 103.97.

On 3 November, the Government of India had announced that excise duty levied on petrol and diesel will be reduced by Rs 5 and Rs 10 respectively from 4 November.

This was the first cut in central excise duties in over three years.

Thanking Prime Minister Narendra Modi, Union Petroleum Minister Hardeep Singh Puri had said in a tweet, "The states should add to this celebration by reducing VAT on fuel to give further relief to consumers."

(With inputs from ANI.)