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Petrol, diesel rates to decrease soon.

New Delhi: Petrol and diesel is likely to again become cheaper in Delhi as compared to adjoining cities of Uttar Pradesh.

Ad valorem duty structure has translated into a bigger reduction in daily prices in the national capital. While petrol and diesel traditionally have been cheaper in Delhi than most states in the country, due to lower local sales tax or VAT, the October 5 cut in the VAT by BJP-ruled states led to fuel being available at cheaper rates in places such as Ghaziabad and Noida - the UP towns that adjoin the national capital.

The difference that had peaked to over Rs 3 per litre in case of petrol and about Rs 2.3 in diesel on October 5, has now come down to just 44-57 paisa in petrol and about Re 1 in diesel, an analysis of the daily price revision notification issued by state-owned oil firms showed. Petrol prices in Delhi Tuesday stood at Rs 71.72 a litre as compared to Rs 71.15 in Ghaziabad and Rs 71.28 in Noida. A litre of diesel in the national capital is priced at Rs 66.39 as opposed to Rs 65.31 in Ghaziabad and Rs 65.44 in Noida.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:9INDI
Date:Dec 9, 2018
Words:204
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