JOIN USAn even brighter Diwali: Karnataka slashes tax on petrol, diesel by Rs 7: Check prices
Karnataka on Wednesday became the third BJP-ruled state to cut taxes on petrol and diesel by Rs 7.
With this, petrol is expected to cost Rs 95.50 a litre and diesel Rs 81.50. The reduced prices will come into effect from Thursday evening.
CM Bommai said this will cost the state exchequer an estimated Rs 2,100 crore.
ಕರ್ನಾಟಕ ರಾಜ್ಯ ಸರಕಾರವು ಡೀಸೆಲ್ ಮತ್ತು ಪೆಟ್ರೋಲ್ ಮೇಲೆ ತಲಾ 7 ರೂ ಕಡಿಮೆಗೊಳಿಸಲು ನಿರ್ದರಿಸಿದೆ.
— Basavaraj S Bommai (@BSBommai) November 3, 2021
ಈ ನಮ್ಮ ನಿರ್ದಾರದಿಂದ ರಾಜ್ಯ ಸರಕಾರಕ್ಕೆ ಅಂದಾಜು 2100 ಕೋಟಿ ರೂಪಾಯಿ ಕೆ.ಎಸ್.ಟಿ ಯಿಂದ ಬೊಕ್ಕಸಕ್ಕೆ ನಷ್ಟವಾಗುತ್ತದೆ. ರಾಜ್ಯದಲ್ಲಿ ಪೆಟ್ರೋಲ್ ಬೆಲೆ ಅಂದಾಜು 95.50 ರೂ ಹಾಗೂ ಡಿಸೇಲ್ ಅಂದಾಜು 81.50 ರೂ ಆಗುವ ನೀರಿಕ್ಷೆಯಿದೆ.
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This follows the Centre's announcement to reduce excise duty on petrol by Rs 5 per litre and Rs 10 per litre on diesel from Thursday.
Assam and Tripura were the other two states that also cut taxes on fuels by Rs 7.
The finance ministry said the Rs 10 cut on diesel will come as a boost to farmers ahead of rabi crop sowing. The lowering of prices of transport fuel is also expected to keep the general price rise in essential commodities under check.
It must be noted that the reduction in petrol and diesel prices comes ahead of elections in seven states, including the crucial Uttar Pradesh polls early next year.