Petrol price in Delhi slashed by Rs 8 effective midnight
The Delhi government has decided to reduce the Value Added Tax (VAT) on petrol to 19.40% from 30%. This will make petrol price decrease by approximately Rs 8 per litre. The new rates will be applicable from midnight on December 1. This will also make the petrol price in Delhi cheapest in the National Capital region. The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre.