Diesel prices to get cheaper by over Rs 8 as Delhi govt slashes VAT to 16.75%
Delhi Chief Minister Arvind Kejriwal announced a reduction in the Value Added Tax (VAT) on diesel from the existing 30 % to 16.75 %. The diesel price will be reduced by Rs 8.36 in Delhi due to the VAT cut. Kejriwal added that the move will help Delhi’s economy. The decision was taken in a meeting of the Delhi Cabinet chaired by the chief minister. He said there was a serious challenge of reviving the economy of Delhi but it will be achieved together with cooperation of people. Kejriwal also said the he will connect with several industry groups and experts soon over video conferencing to discuss more ways to revive Delhi’s economy. Watch the full video for more details.