New Delhi: The Delhi government is contemplating to reduce Value Added Tax (VAT) on diesel from 18% to 16.6% due to which the price of diesel may come down by around 60 paise per litre.
The move is intended to take VAT on diesel, in the national capital, at par with that in Haryana government.
The government may soon issue a notification in this regard.
“Government is planning to bring down VAT rate on diesel from 18% to 16.6%,” sources said, adding, it may lead to a cut of 60 paise per litre.
In 2016-17, the Delhi government had standardised VAT on different items in order to bring parity with neighbouring states – Haryana and Uttar Pradesh.