Petrol price in the national capital was hiked by ₹1.67 a litre on Tuesday (May 5) and diesel by a steep ₹7.10 per litre after the Delhi government raised local sales tax or value-added tax (VAT) on the two fuels.
Petrol in Delhi now costs ₹71.26 a litre as against ₹69.59 previously, oil industry sources said.
Diesel price has been hiked to ₹69.39 per litre from ₹62.29. This follows Delhi government’s decision to raise VAT on petrol to 30 per cent from 27 per cent, previously.
In case of diesel, VAT has been almost doubled to 30 per cent from 16.75 per cent.