National Chronicle

Diesel turns costlier by Rs 7.10 in Delhi, petrol price also up

New Delhi,   Diesel has become costlier by Rs 7.10 per liter in Delhi while petrol prices were increased by Rs 1.67 per liter on Tuesday.

The Delhi government in an order dated May 4 announced to increase the Value Added Tax (VAT) on petrol to 30 per cent from the existing 27 per cent while 30 per cent on diesel from the existing 16.75 per cent.

According to Delhi government officials, the move to hike fuel prices is expected to boost the government revenue, which has been hit hard due to the coronavirus lockdown.

On Monday night, the Delhi government had also ordered to impose a 70 per cent ‘Special Corona Fee’ cess on liquor.

After the prices of the petrol and diesel were increased, Deputy Chief Minister Manish Sisodia, who also holds the portfolio of Finance Minister, in a tweet said, “Life isn’t all about rainbows and sunshine. Tough times need Tough solutions – my learning as Finance Minister.”

Related posts

SBI General Insurance launches 24X7 Healthline for its health insurance customers

Team NC

RBI Alert: Beware of these ‘illegal’ websites! Transactions in foreign currency done here can lead to legal action

Team NC

JP Morgan chief economist forecasts ‘strong rebound’ in Indian markets

Team NC

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More