Categories: Business

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.”

 

NE Reporter

Recent Posts

CSIR-NIIST Opens Innovation Centre for Startups

THIRUVANANTHAPURAM:In a big boost to the country’s fast-growing startup ecosystem, CSIR-National Institute for Interdisciplinary Science…

8 hours ago

Samsung’s ‘Fab Grab Fest’ is Back with Unbeatable Offers

KOCHI:Samsung, India’s largest consumer electronics brand, has announced its biggest summer sale, 'Fab Grab Fest',…

9 hours ago

Godrej Security Solutions Partners with HDFC Bank

MUMBAI:Godrej Security Solutions, a business unit of Godrej & Boyce, proudly announces its strategic collaboration…

9 hours ago

Vi Introduces Postpaid Roaming Packs for Azerbaijan and Select African Countries

MUMBAI:In the last few years, Azerbaijan has seen a tremendous influx of Indian tourists visiting…

9 hours ago

Axis Mutual Fund Launches ‘Axis Nifty Bank Index Fund’

KOCHI:In a significant move to tap into the dynamic growth of the Indian banking sector,…

9 hours ago

Genrobotics Launches First Non-governmental Industrial Park in Kerala at ICET

KOCHI:Genrobotic Innovations Pvt Ltd, a pioneer in robotics innovation, has launched an Industrial Park at…

9 hours ago

This website uses cookies.