Delhi: Petrol cheaper by Rs 8.56/litre after VAT cut

The AAP government on Wednesday slashed VAT (value added tax) on petrol from 30% to 19.4%, marking the steepest-ever tax reduction on the fuel that will reduce pump price by Rs 8.56 per litre from Thursday and stop flight of business to neighbouring UP and Haryana.

from Delhi News: Latest Delhi News Headlines & Live Updates from Delhi - Times of India https://ift.tt/31cvLQh