Karnataka govt issues notification reducing tax on diesel, petrol
The Karnataka government on Thursday issued a notification reducing the price of diesel and petrol by Rs 7 per litre, following similar reduction of Rs 10 and Rs 5 respectively by the Centre.
The state government in a release claimed that Karnataka is the first state to reduce sales tax on petrol and diesel.
With this, diesel prices were reduced from Rs 104.50 on November 3 to Rs 85.03, which is a reduction of Rs 19.47.
Petrol prices were reduced from Rs 113.93 on November 3 to Rs 100.63, which is a reduction of Rs 13.30, the release said.
Karnataka’s share of Sales Tax on Petrol is reduced from 35 to 25.9 percent and that on Diesel has been reduced from 24 to 14.34 per cent, by virtue of today’s notification, it added.
