So, the recent developments in the excise duty have led to petrol pumps in Delhi to go under. In fact, the cut in the excise duty by the Centre has lead to losses in states ranging between 20%-30%.
Delhi Petrol Dealers Association has called for a shutdown of 400 petrol pumps in Delhi. The call for the ‘band’ was for a reduction in the VAT (Value Added Tax) by the Delhi Government on diesel and petrol.
Moreover, the DPDA pointed that the neighbouring states of Delhi sell lower grade fuels. Reasoning that if this continues the resident of Delhi will start going to these states for refuelling. Which may further affect the environment of Delhi.
In comparison to Delhi, petrol in UP and Haryana is cheaper by INR 2.59/L and INR 1.95/L respectively. Diesel in these states is cheaper by INR 2.02/L and INR 1.72/L respectively.
According to sources, 200 out of 400 petrol pumps in Delhi are on the verge of closing down.
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Cover Image Courtesy | Justdial