Petrol will cost Rs1.26 less in the capital with Delhi government slashing 20% VAT on the hiked component in its budget yesterday (May 28, 2012), which also provided a huge push to social sector spending to apparently win over sections disgruntled with Congress as it prepares for next year's Assembly polls.
However, the slash in petrol prices may not give the much needed relief to common man as Delhi government proposed a fresh 5% VAT on CNG, which is used by a number of people in the city for running their vehicles.
Petrol will now cost Rs71.92 after the cut. After the increase last week, Delhiites used to pay Rs73.18.
The CNG price will see an increase from Rs35.45 per kg following the 5% hike in VAT.
'The price of petrol in Delhi is the lowest among all the metro cities and lower compared to the price in neighbouring cities of Haryana, Uttar Pradesh also. I have deeply considered the matter and of the view that the citizens of Delhi need to be provided some relief. Honourable members will recall earlier too we have given relief to the people when there was an increase in the price of diesel by exempting vat on the increased component. Similarly, I propose to exempt the recently announced increase in the price of petrol from the levy of 20% of VAT,' Chief Minister Sheila Dikshit said presenting the budget for 2012-13.
The previous budget's size was Rs27,067 crore with a plan outlay of Rs13,600 crore and a non-plan expenditure of Rs13,307 crore.
This year's budget presentation was delayed due to coming into force of election code of conduct for municipal polls.
....more info
However, the slash in petrol prices may not give the much needed relief to common man as Delhi government proposed a fresh 5% VAT on CNG, which is used by a number of people in the city for running their vehicles.
Petrol will now cost Rs71.92 after the cut. After the increase last week, Delhiites used to pay Rs73.18.
The CNG price will see an increase from Rs35.45 per kg following the 5% hike in VAT.
'The price of petrol in Delhi is the lowest among all the metro cities and lower compared to the price in neighbouring cities of Haryana, Uttar Pradesh also. I have deeply considered the matter and of the view that the citizens of Delhi need to be provided some relief. Honourable members will recall earlier too we have given relief to the people when there was an increase in the price of diesel by exempting vat on the increased component. Similarly, I propose to exempt the recently announced increase in the price of petrol from the levy of 20% of VAT,' Chief Minister Sheila Dikshit said presenting the budget for 2012-13.
The previous budget's size was Rs27,067 crore with a plan outlay of Rs13,600 crore and a non-plan expenditure of Rs13,307 crore.
This year's budget presentation was delayed due to coming into force of election code of conduct for municipal polls.
....more info