Price shocker: Petrol, diesel gets costlier by Rs 3 in Karnataka as state government hikes sales tax
The Karnataka government has announced an increase in the cess on petrol and diesel, leading to a rise in fuel prices.
The new rates, effective immediately from June 15, will impact consumers across the state as the government revised sales tax on both the fuels by 29.84 percent and 18.44 percent, respectively.
Karantaka became the first state to increase petrol diesel prices after general elections.
A state government notification issued today said the Karnataka Sales Tax (KST) has been raised from 25.92 percent to 29.84 percent on petrol and from 14.3 percent to 18.4 percent on diesel.
According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 approximately in Karnataka.
Post the hike, petrol now costs Rs 102.86 per litre in Bengaluru, while diesel is priced at Rs 88.94 per litre.
In Bengaluru, petrol was being sold at Rs 99.84 per litre, while diesel was priced at Rs 85.93 per litre.
The last revision in fuel prices was done in November 2021, when the previous BJP government reduced petrol prices by Rs 13.30 per litre and diesel prices by Rs 19.40 per litre to help revive the economy after the Covid-19 pandemic.
(This is a developing story, follow for more updates)
