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.)