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Tuesday, May 5, 2020

The state government has hiked petrol and diesel prices by half



The Delhi government has taken a big decision in view of the impact of coronavirus on the economy. The Arvind Kejriwal government in Delhi has decided to increase VAT on petrol and diesel. Petrol has gone up by Rs 1.67 and diesel by Rs 7.10 in Delhi since Tuesday.

On Tuesday, the state government decided to increase VAT on both petrol and diesel. VAT on petrol has been increased from 5 per cent to 30 per cent. While on diesel it has been increased from 16.77 per cent to 30 per cent.

Following the decision, Delhi Finance Minister Manish Sisodia tweeted that tough decisions have to be taken in times of trouble, a lesson learned during his tenure as finance minister. Life is not always wonderful.

Life isn't all about rainbows and sunshine. Tough times need Tough solutions - my learning as Finance Minister
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With this, the price of petrol in Delhi has now gone up to Rs 91.5 per liter, while the price of diesel has gone up to Rs 69.29 per liter. Notably, the coronavirus crisis has locked everything down for the last 40 days, much to the detriment of the government.
In recent days, Delhi Chief Minister Arvind Kejriwal has also said that the government's April revenue has been reduced from Rs 200 crore to Rs 300 crore. It is clear that the general public is now having to bear the brunt of this impact on the government's earnings.
The price of alcohol was also increased In recent days, the Delhi government has increased the price of alcohol. The Delhi government on Monday evening imposed a 70% sense on liquor, which has led to a sharp rise in liquor prices. tjh

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