New Delhi, May 16 -- The Rekha Gupta-led Delhi government on Saturday cut the value-added tax on Aviation Turbine Fuel (ATF) from 25% to 7%, according to officials. This follows the Maharashtra government's implementation of a similar move, reducing VAT from 18% to 7% for six months starting May 15. The decision comes amid global fuel market instability triggered by the ongoing conflict in West Asia.

The decision was approved during a Cabinet meeting chaired by Chief Minister Gupta, as per an official statement.

"Delhi government has decided to reduce the value-added tax (VAT) on aviation turbine fuel (ATF) from the existing 25 per cent to 7 per cent, a move which is likely to benefit the airlines and common passengers," PTI quoted an o...