Petrol, diesel cheaper by Rs 2, but costlier in Delhi

July 16, 2015 11:23

Petrol and diesel prices were on Wednesday cut by Rs 2 per litre, excluding local levies, in the second reduction of rates this month by oil companies, but the petrol would actually become costlier in the national capital due to an increase in VAT rate in Delhi.

The decrease in diesel prices would also be less in Delhi due to a hike in Value Added Tax (VAT) by Arvind Kejriwal-led Aam Aadmi Party government. The new rates announced by the oil marketing companies will be effective from midnight yesterday.

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