Diesel prices are likely to come down by 37 paise a
litre as Delhi government on Thursday introduced a Bill
in the assembly which is aimed at slashing the rate.
Delhi Chief Minister Sheila Dikshit today tabled the
Delhi Value Added Tax (Second Amendment) Bill in the
Assembly which will be considered for discussion
tomorrow.
Following
a hike in diesel prices in June, Chief Minister Sheila
Dikshit had on June 27 announced slashing of the diesel
rate by 37 paise a litre to cushion the impact of a rise
in prices of the fuel.
The decision could not be implemented as certain changes
were required in the VAT Act to alter the sale price of
diesel.
Diesel price had gone up to Rs 41.12 after the hike of
Rs 3.37 a litre in June and it will come down to Rs
40.75 if the amendment bill is passed in the House.
The city government had arrived at the figure of 37
paise for cut in diesel prices by removing the 12.5 per
cent VAT component on the hike of Rs 3.37.
