For the first time in the history of Delhi, diesel became costlier than petrol on Wednesday. The price of diesel was increased to a historic high of Rs 79.88 a litre, while that of petrol remained unchanged at Rs 79.76 a litre. A major reason for the hike in Delhi was owing to a sharp increase in value-added tax (VAT) on diesel by the state government last month. The state government had hiked VAT on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent.
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First Published: Jun 24 2020 | 6:35 PM IST