Diesel To Cost Less In Delhi

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Diesel prices are likely to come down by 37 paise a litre as Delhi government Thursday introduced a bill in the Assembly which is aimed at slashing the rate.<br><br>Delhi Chief Minister Sheila Dikshit Thursday tabled the Delhi Value Added Tax (Second Amendment) bill in the Assembly which will be considered for discussion Friday.<br><br>Following a hike in diesel prices in June, Chief Minister Sheila Dikshit had on June 27 announced slashing of the diesel rate by 37 paise a litre to cushion the impact of a rise in prices of the fuel.<br><br>The decision could not be implemented as certain changes were required in the VAT Act to alter the sale price of diesel.<br><br>Diesel price had gone up to Rs 41.12 after the hike of Rs 3.37 a litre in June and it will come down to Rs 40.75 if the amendment bill is passed in the House.<br><br>The city government had arrived at the figure of 37 paise for cut in diesel prices by removing the 12.5 per cent VAT component on the hike of Rs 3.37.<br><br><br>(PTI)</p>