Delhi government hikes petrol prices by Rs 2.78 per litre, diesel by Rs 1.83

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PETROL_PUMP111The Aam Aadmi Party government on 15 July decided to increase VAT on petrol from 20% to 25% and from 12.5% to 16.6% on diesel.

As a result of the rise in Value Added Tax (VAT), petrol prices in the Capital would increase by Rs 2.78 per litre, while diesel will be costlier by Rs 1.83 per litre.

The new price of petrol stands at Rs 69.43 per litre, diesel now costs Rs 52.07 per litre.

The bill to amend the VAT law in Delhi had been passed in the assembly on June 30, amid a walkout by the opposition BJP. This will enable the Delhi government to control tax rates on petroleum products, liquor and aerated drinks.

Both Bharatiya Janata Party (BJP) and the Congress have protested against the AAP government’s decision to amend the VAT law.

Delhi Congress had accused the AAP government of  “misguiding” people on the issue of VAT. But BJP leader Satish Upadhyay said, “The government claims to have a surplus budget. Then what is the logic of bringing a proposal to raise VAT? This raise suspicion.”

The amendment will not lead to hike in fuel prices, assured finance minister Manish Sisodia.

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