Karnataka government hikes petrol diesel prices by Rs 3 per Litre. Details Here

The Congress government in Karnataka has given an enormous shock to the folks of the state. The state government has elevated the Karnataka gross sales tax on petrol and diesel.

In such a scenario, the prices of petrol and diesel are anticipated to extend by Rs 3. According to the report of Moneycontrol, the state government has introduced a rise in gross sales tax on petrol and diesel on June 15. According to the notification of the state government, ‘Karnataka Sales Tax’ (KST) on petrol has been elevated from 25.92 p.c to 29.84 p.c and on diesel from 14.3 p.c to 18.4 p.c.

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The notification issued by the Finance Department mentioned that these elevated charges will come into impact with fast impact. In Bengaluru, petrol is now being offered at Rs 99.84 per liter, whereas diesel is being offered at Rs 85.93 per liter.

Also Read: ITR Filing 2024: Taxpayers can avail the advantage of revenue tax deduction as much as Rs 40,000. Know how?

Will assist in elevating 2500-2800 rupees yearly

Fuel prices have elevated in Karnataka after the Lok Sabha elections. Actually, the state government has to spend Rs 50,000 crore to Rs 60,000 crore yearly for the implementation of 5 ensures. A senior official of the Finance Department mentioned that the rise in gas prices will assist in elevating about Rs 2,500-2,800 crore on this monetary yr.

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