Government hikes sales tax, petrol & diesel price up in Karnataka
The government was losing revenues from this source since the prices of petrol and diesel have been falling in the past 10 weeks.
By ET Bureau |
BCCL
BENGALURU: The State Government has increased the rate of sales tax on petrol and diesel to 32% and 21% respectively to protect its revenues from auto fuel taxes.
The government was losing revenues from this source since the prices of petrol and diesel have been falling in the past 10 weeks.
The retail prices of petrol and diesel will now be Rs 70.84 and Rs 64.66 per litre, which is still lower compared to neighboring states, the state government said in a press release.
The government was losing revenues from this source since the prices of petrol and diesel have been falling in the past 10 weeks.
The retail prices of petrol and diesel will now be Rs 70.84 and Rs 64.66 per litre, which is still lower compared to neighboring states, the state government said in a press release.
How new tax changes will impact you. Calculate your tax now
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
After E20 petrol, Nitin Gadkari pushes for 15% isobutanol-blended diesel: What it is and why it matters2026-07-05T04:17:38Z- OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q12026-07-03T19:41:10Z
- Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices2026-07-02T13:28:09Z
ADVERTISEMENT
