Despite tax cuts, petrol still hovers over Rs 100/litre in Karnataka
BENGALURU: Despite a substantial cut in tax by both Centre and state on petrol and diesel prices, petrol in Karnataka continues to hover at over Rs 100 per litre.
As per the state government’s notification on Thursday, petrol price has reduced from Rs 114 on November 3 to Rs 101 (reduction of Rs 13.30) while diesel price has reduced from Rs 104 on November 3 to Rs 85 (reduction of Rs 19.40).
Karnataka chief minister Basavaraj Bommai on Wednesday, while announcing reduction in prices of both fuels by Rs 7 more, said the prices of petrol and diesel will be Rs 95.50 and Rs 81.50 per litre in Karnataka.
