Capital raises levies on fuel to make up for lost revenue
New Delhi, May 7 -- Retail prices of petrol and diesel in Delhi surged on Tuesday after the city-state's government steeply increased value-added tax (VAT), seeking to raise additional money to offset falling revenues and fund the fight against the coronavirus disease (Covid-19) , reducing the price gap between the two automobile fuels, state-run oil marketing companies (OMCs) said ....
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