VAT on CNG bumped up by 5 per cent in New Delhi
Last Updated at
- 08:33 pm, May 28, 2012
The corresponding hike in cost of CNG is bound to go up by Rs 1.75.
Just a while back, we reported that the government of New Delhi has rolled back the cost of petrol by Rs 1.26. The marginal reduction of the fuel cost was achieved by slashing the VAT on petrol. However, slashing the cost of VAT is just one part of the report.
The second move, which is responsible for the mild cut in petrol price in the national capital is the fact that the VAT on CNG has been bumped up by 5 per cent. Currently, the cost of CNG is Rs 35.45 per Kg, which is likely to go up by Rs 1.75.
The move is bound to get some unsettling reactions from the capital as most of the transport buses, private and state owned and auto rickshaws are powered by CNG. The news follows the earlier report of the day where Petroleum Minister, Jaipal Reddy had assured that the diesel and CNG prices will not be hiked just yet.
Well, its not the first time the government of India has failed its citizens. However, what is still puzzling and infuriating is the fact that even after slashing some amount of VAT on petrol, on one hand and bumping the VAT on CNG on the other, the state government was able to roll back the price of petrol by just Rs 1.26.
First Published on 08:33 pm, May 28, 2012
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