Karnataka reduces tax on fuel by ₹7
The Hindu
Diesel cheaper by about Rs. 19 and petrol by about Rs. 13 in Karnataka
Karnataka Government on Thursday issued a notification reducing the price of diesel and petrol by Rs. 7, following reduction of Rs. 10 and Rs., 5 respectively, by the Centre.
This would translate to reduction in diesel price in Karnataka from Rs. 104.50 on Wednesday to Rs. 85.03, a reduction of Rs. 19.47. Petrol prices stand reduced from Rs. 113.93 on Wednesday to Rs 100.63, a reduction of Rs 13.30.
Karnataka’s share of Sales Tax on petrol is reduced from 35% to 25.9% and that on diesel from 24% to 14.34% following the notification.
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