Fuel Price in India: After Karnataka tax hike, here's how much petrol, diesel costs in your city; Full list here
₹3 per litre, reaching ₹102.84 in Bengaluru, up from the previous rate of ₹99.84. Similarly, diesel prices have increased by ₹3.02 per litre, now costing ₹88.95, up from ₹85.93.
This came a day after the the Karnataka state government led by Congress' Siddharamaiah hiked taxes on fuel in the state.According to the notification, the sales tax on petrol has been increased from 25.92 percent to 29.84 percent, while the tax on diesel has risen from 14.3 percent to 18.4 percent by the state government.This significant increase in the sales tax has directly impacted the retail prices of both petrol and diesel across the state.The move by the Finance Department of Karnataka aims to generate additional revenue for the state. However, it is likely to have a ripple effect on various sectors, including transportation and goods distribution, potentially leading to increased costs for consumers.With the announcement, it was said that petrol and diesel prices are likely to go up by ₹3 and ₹3.05 approximately in Karnataka as the state government decided to increase taxes on June 15, according to the Petroleum Dealers AssociationWith effect from Friday, March 15, prices of petrol and diesel were reduced by ₹2 per litre across all states.
The fuel price reduction came one week after cooking gas or LPG prices were cut by ₹100 per cylinder and for the free connection cylinders under the Ujjwala scheme.As of June 16, the cost of petrol in Delhi is ₹94.72 per litre and diesel is priced at ₹87.62 per litre. The petrol price in Mumbai continued to exceed the ₹100 mark, reaching ₹104.21 per litre, while diesel was priced at ₹92.15 per litre.Milestone Alert!
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