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Karnataka Government has issued notification reducing the price of diesel and petrol by Rs 7 following a similar reduction of Rs 10 and Rs 5 respectively by Government of India.
Karnataka is the first state to reduce the sale tax on petrol and diesel.
Diesel prices were reduced from Rs 104.50 on 3.11.21 to Rs 85.03. Reduction of Rs 19.47.
Petrol prices were reduced from Rs 113.93 on 3.11.21 to Rs 100.63. Reduction of Rs 13.30.
Karnataka’s share of KST on Petrol is reduced from 35% to 25.9% and that on Diesel has been reduced from 24% to 14.34% by virtue of today’s notification, said a press release.