Delhi reduces petrol, diesel prices

Delhi Government on Tuesday reduced prices of petrol and diesel in the capital by 67 paise and 22 paise respectively.

NEW DELHI: Delhi Government on Tuesday reduced prices of petrol and diesel in the capital by 67 paise and 22 paise respectively.

The reduction was effected by slashing Value Added Tax (VAT) on the increased amount, Delhi Finance Minister A K Walia told reporters here after a Cabinet meeting, chaired by Chief Minister Sheila Dikshit.

At present the price of petrol in the national capital is Rs 47.51 per litre and diesel costs Rs 32.47 per litre.

After implementation of the new rates, petrol will cost Rs 46.84 per litre and diesel will be available for Rs 32.25 per litre.

Asked when the new prices will be applicable, Walia said "It should be done within a week."
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