Petrol price rises by 96 paise/litre; diesel up 53 paise

Delhi govt raised VAT on petrol to 27% from 25% and on diesel from 16.6% to 18%

Petrol price in Delhi was today hiked by 96 paise per litre and diesel by 53 paise after the state government raised VAT or local sales tax on the two fuels.

The Delhi government last night raised VAT on petrol to 27% from 25%, resulting in a 96 paise a litre hike in retail pump rates.

Similarly, the VAT on diesel was increased from 16.6% to 18%. A pollution cess of Rs 0.25 per litre is also levied on diesel.

Petrol now costs Rs 59.99 per litre as against Rs 59.03 a litre previously. A litre of diesel now costs Rs 44.71 as opposed to Rs 44.18 previously.