K’taka govt issues notification reducing tax on diesel, petrol by Rs 7 per litre


PTI, Nov 4, 2021, 6:09 PM IST

Bengaluru: The Karnataka government on Thursday issued a notification reducing the price of diesel and petrol by Rs 7 per litre, following similar reduction of Rs 10 and Rs 5 respectively by the Centre.

The state government in a release claimed that Karnataka is the first state to reduce sales tax on petrol and diesel.

With this, diesel prices were reduced from Rs 104.50 on November 3 to Rs 85.03, which is a reduction of Rs 19.47.

Petrol prices were reduced from Rs 113.93 on November 3 to Rs 100.63, which is a reduction of Rs 13.30, the release said.

Karnataka’s share of Sales Tax on Petrol is reduced from 35 to 25.9 percent and that on Diesel has been reduced from 24 to 14.34 per cent, by virtue of today’s notification, it added.

Buckling under pressure, the central government on Wednesday had cut excise duty on petrol and diesel by Rs 5 and Rs 10 per litre to help bring down rates from their highest-ever levels, following which the state government had also announced its decision to reduce.

Earlier in the day, speaking to reporters in Hubballi, Chief Minister Basavaraj Bommai said the state government had been contemplating reducing prices ever since fuel prices crossed the Rs 100 mark, and it may cause an estimated loss of Rs 2,100 crore to the state’s exchequer.

“After the central government’s decision to reduce fuel prices I spoke to the Union Finance and Home Minister and they expressed desire that the state slash the prices. I spoke to our senior officials and decided on it,” he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

Davanagere: Man murdered by relative for insurance money; 4 arrested within 24 hours

Govt clerk found dead in Tahsildar’s chamber, FIR filed against minister’s PA, 2 others

MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle

Mangaluru: Asiatic male lion arrives at Pilikula Zoo

Waqf Notice Issue: Not an accident, but state government’s conspiracy, claims V. Sunil Kumar

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Davanagere: Man murdered by relative for insurance money; 4 arrested within 24 hours

Heroin worth Rs 3.5 crore recovered in police raid in Delhi, 2 arrested

Govt clerk found dead in Tahsildar’s chamber, FIR filed against minister’s PA, 2 others

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.