Arvind Kejriwal, the Chief Minister of Delhi, on the 30th of July, announced plans to reduce diesel prices in Delhi.
Mr. Kejriwal reduced the value added tax (VAT) on diesel to 16.75 %. Previously, VAT on diesel was 30 %.
On the 30th of July, during a virtual press conference, Mr. Kejriwal announced the reduction in VAT on diesel.
Arvind Kejriwal took to Twitter and said, “Delhi Cabinet has decided to reduce VAT on diesel from 30% to 16.75%. This will reduce price of diesel in Delhi from Rs. 82 to Rs. 73.64 i.e. by Rs. 8.36 per litre. ”
With the reduced VAT, the price of diesel for Delhi people would be cheaper by Rs. 8.36 per litre. As of now, the price of diesel is 81.94 per litre. However, with the reduction, diesel would be available at Rs. 73.64 per litre.
The new announcement is said to be into effect immediately. The decision was taken unanimously by the Delhi Chief Minister and Cabinet ministers.
The reason to reduce the prices was to revive the economic situation of the National Capital, which has been a challenge due to the Novel Coronavirus or COVID-19.
In the past few weeks, Delhi was witnessing a massive hike in the cases of the Novel Coronavirus.
However, currently, the situation is said to be under control, as Delhi has the highest recovery rate at 89 %.
The mortality rate due to the Novel Coronavirus in the State is now reduced to 2.90 %.
Delhi has a total of 10,770 active cases of the COVID-19 infection, 1,18,633 are recovered/discharged cases and 3,909 deceased cases till date.
Stay tuned for further updates.