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@NewsBytesApp
Dec 1, 2021 • 6 tweets • 3 min read • Read on X
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The Delhi government on Wednesday decided to slash Value-Added Tax (VAT) on petrol from 30% to 19.4%. Petrol prices will be cut by Rs. 8 per liter in the national capital city as a result of the tax reduction. Check out the new rates, here. #PetrolPrice
newsbytesapp.com/news/india/del… Image
The new prices will come into effect from Wednesday midnight. Reduction in petrol prices will come as a big relief for residents in Delhi. Rates of auto fuels like petrol and diesel have touched record highs in recent months in all metro cities across the country. Image
The announcement comes after a Cabinet meeting chaired by Delhi CM Arvind Kejriwal earlier in the day. Petrol price in Delhi is expected to dip to around Rs. 95 per liter from Rs. 103.97 per liter currently. Meanwhile, diesel rate in the city stands at Rs. 86.67 per liter. Image
In July last year, the VAT on petrol in Delhi was increased to 30%. In fact, VAT has increased six times in the capital due to several hikes since 2014. Image
In Mumbai, petrol is being retailed at Rs. 109.98/liter while diesel is available at Rs. 94.14/liter. Prices for petrol and diesel in Chennai stand at Rs. 101.40/liter & Rs. 91.43/liter, respectively. In Kolkata, petrol costs Rs. 104.67/liter & diesel comes at Rs. 89.79/liter. Image
State-run oil companies like Indian Oil and Bharat Petroleum revise fuel rates on a daily basis, taking into consideration crude oil prices and the rupee-dollar exchange rate. Fuel prices vary across states due to differing VAT rates. Image

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More from @NewsBytesApp

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Nov 14, 2022
Google announced the Doodle for Google 2022 competition winners, flagging off Children's Day celebrations in India. Shlok Mukherjee from Kolkata has been declared the winner out of 115,000 entries from over 100 cities by participants between Grades 1-10.
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Nov 14, 2022
FTX and its talismanic leader Sam Bankman-Fried have fallen from the upper rungs of the crypto universe. Of course, his inner circle is under investigation. Among them is Nishad Singh, an Indian-origin engineer who was also his housemate. Today's story is about him. #SBF_FTX 1/6
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Oct 26, 2022
As Rishi Sunak emerged victorious in the race to become United Kingdom's prime minister—the third in two months—on Monday, over 7,000 kilometers away, Indians were celebrating that he has proved "Winston Churchill" wrong. Read on for the complete story.
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In light of Indian-origin Sunak's appointment as the UK PM, Indians are celebrating that Indian-origin people have proved their mettle to show Churchill was wrong. Post-independence, India has been swiftly growing & is the world's biggest democracy & a major trade destination.
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Oct 25, 2022
Have you wondered about the veracity of stories regarding unidentified flying saucers? We may soon get an answer. NASA has established a first-of-its-kind panel to study unidentified aerial phenomena (UAP) or unidentified flying objects (UFOs).
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Oct 25, 2022
Rishi Sunak scripted history on Monday after winning the race to lead the Conservative Party & became the PM of the United Kingdom. The attention is now on his wife—Akshata Murty too, as they move into 10 Downing Street. Here's more about her.
newsbytesapp.com/news/world/abo… Image
Sunak was on Tuesday officially appointed as the 57th UK PM by King Charles III. The former British finance minister, who is of Indian origin, is also the first-ever Hindu prime minister of the UK. Image
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Oct 25, 2022
India recorded its lowest number of daily COVID-19 cases in 196 days, or more than 6 months, with a three-digit tally of 862 on Tuesday. The total number of active cases has also dropped below 23,000 as per data from Union Health & Family Welfare Ministry.
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