Jun 05 2008
Delhi to pay only Rs 10 more for LPG, tax slashed!
After an increase of Rs 50 in LPG gas cylinders by the government on Wednesday, a sales tax cut of Rs 40 on the same is introduced by the Delhi government to relief the citizens. In this way the Delhi people got the net price hike to Rs 10 only.
“The increase in LPG rate will be of Rs ten instead of Rs 50 in Delhi. The domestic cylinder which is priced at Rs 294.70 paise will now be costing rs 304.70 paise and not Rs 340.30 paise,” Delhi Chief Minister Sheila Dikshit told reporters here.
The move is in wake to relief the middle class people who are already burdened with increasing rate of inflation. The decision came after the cabinet meeting where it was decided to cut down the vat from existing 4 per cent to zero, while providing a subsidy of around Rs 26 per cylinder.
The subsidy would have a burden of Rs 165 crore on the state exchequer.
“There would be no rise in the fare of the Metro and the DTC buses, which run on electricity and CNG respectively.” she said while speaking at a press conference.
Sales tax cut is demanded by Congress president Sonia Gandhi and BJP since the increase in petroleum rates.
