Petrol-diesel is becoming more expensive in Ktaka as the government increases sales tax on fuel
The Karnataka government on Saturday increased sales tax on fuel, making petrol and diesel more expensive. Photo: Bloomberg
The Karnataka government on Saturday increased sales tax on fuel, making petrol and diesel more expensive.
According to official sources, petrol will now increase by Rs 3 and diesel by Rs 3.5 per liter.
In a notification from the Ministry of Finance, the government has increased the sales tax on petrol by 3.92 percentage points, from 25.92 to 29.84 percent.
For diesel, the increase is 4.1 percentage points, from 14.34 to 18.44 percent.
The decision comes days after the Lok Sabha poll results in which the NDA got 19 of the 28 seats in Karnataka, while BJP won 17 and JD(S) with two. The ruling Congress in the state has won nine seats.
The move, aimed at mobilizing resources, comes after Chief Minister Siddaramaiah, who is also the Finance Minister, reviewed the state’s revenue generation and fiscal position.
During the meeting, the CM asked officials to work harder towards achieving revenue collection targets.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First print: June 15, 2024 | 7:01 PM IST