Petro-fuels in Karnataka
Its a well known fact that Karnataka Government slaps the highest taxes compared to any other state/UT on petroleum based fuels. Thats the reason why the people in Karnataka pay the highest for a litre of petrol/diesel throughout India.
News that would bring some relief to consumers, at least for the time being: Karnataka government slashes sales tax on petroleum based fuels!
Yes, thats right! The Karnataka government reduced sales tax by 3 pc on petrol and 2 pc on diesel. It has also reduced value added tax (VAT) on domestic liquefied petroleum gas (LPG) from 4 pc to 1 pc. As a result of the reduction in tax on petrol from 28 to 25 pc, retail price of the fuel in Bangalore will be Rs.57.15 per litre as against Rs.58.89 and that of diesel will be Rs.39.15 per litre as against Rs.39.80 after the reduction of tax from 20 pc to 18 pc. The price of LPG has been reduced to Rs.348.08 from Rs.358.42.
Time to cheer?? Its just the beginning of the BJP-led Govt. Will this tax relief hold good for long.. or is it just a political gimmick played by UPA at the center and BJP at the state level???