Petrol price hike: Delhi govt may provide relief to people

Chief Minister Sheila Dikshit today indicated that her government may provide some relief to Delhiites from the hike in petrol prices. "Wait till Monday for my budget," Dikshit, who also handles Finance portfolio, told reporters when asked whether her government was planning to provide some relief to people from petrol price hike. Dikshit had last night indicated that Delhi government may consider cutting taxes on petrol to provide some relief from the hike in fuel price.

"We will see what we can do," she had told reporters in Jammu yesterday when asked whether her government will reduce VAT on petrol. In the steepest-ever increase, petrol price have been increased by Rs 7.50 a litre. The Chief Minister, however, justified the steep hike saying oil companies were incurring huge losses and the hike was necessary. She was on a private visit to Jammu. In a bid to give some relief from the steep petrol price increase, Kerala and Uttarakhand governments have waived tax on the additional amount to bring down the fuel price by up to 25% of the hike.