Home > Business > People in Delhi to get diesel cheaper by Rs 2.37 from July 20

People in Delhi to get diesel cheaper by Rs 2.37 from July 20

July 16, 2010

On Friday, the government announced that the prices of Diesel are expected to reduce by Rs 2.37 per litre in Delhi from July 20. Delhi

Chief Minister Sheila Dikshit said, “We have decided to decrease the VAT on diesel from 20 percent to 12.5 percent from July 20. This is likely to bring down the prices of the fuel in the capital.”

The VAT on diesel was increased in March from 12.5 percent to 20 percent to meet the increased expenditure on infrastructural projects related to Commonwealth Games 2010.

Currently diesel costs Rs 40.10 per litre in Delhi which will now be available for Rs 37.73 per litre.

She added, “It was necessary to reduce the VAT on diesel as petrol pump owners were facing losses.”

Well there is a sigh of relief for Delhi resides.

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Categories: Business
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