Moneycontrol
Get App
you are here: HomeNewsBusiness
Last Updated : May 05, 2020 02:46 PM IST | Source: Moneycontrol.com

Fuel price hike | Delhi government raises VAT; petrol up by Rs 1.6/litre, diesel by Rs 7.1

Value-added tax (VAT) on petrol has been raised from 27 percent to 30 percent, and on diesel from 16.75 percent to 30 percent


Price of petrol in the national capital has increased by Rs 1.67 to Rs 71.26 per litre and diesel by Rs 7.10 to Rs 69.29 per litre, compared to May 4. 

This after the Delhi government increased value-added tax (VAT) on the auto fuels to 30 percent each. Up from 27 percent to 30 percent for petrol, and up from 16.75 percent to 30 percent for diesel. 

For diesel fuel, the increase is almost double the previous VAT.

Close

Follow our LIVE Updates on the coronavirus pandemic here

The move comes close on the heels of the state government imposing a 70 percent 'Special Corona Fee' on sale of liquor in the city. The fee has been imposed on the maximum retail price (MRP) of liquor bottles. The new rate will be applicable from May 5.

Both the developments are expected to boost state revenue, which has taken massive hits due to the extended COVID-19 lockdown.

The lockdown, which began from March 24 midnight, and now extended till May 17, eroded India's fuel consumption by almost 70 per cent in April, PTI reported.

Industry data however, shows improvement in demand in the last 10 days of April as some restrictions were eased. The demand is expected to further pick up as more areas were opened up on May 4.

Follow our full COVID-19 coverage here

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.


Facebook-BCG report suggests these measures for businesses to unlock the changing consumer behaviour in the current pandemic. Read More!

First Published on May 5, 2020 10:15 am
Sections
Follow us on