Karnataka hikes petrol and diesel prices by ₹3 per litre. Check new rate, other details
Live MintPetrol 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 Association {{^adFree}} {{/adFree}} 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. Centre cuts windfall tax on petroleum crude Centre has cut the windfall tax on petroleum crude to 3,250 Indian rupees per metric ton from 5,200 rupees, effective June 15, according to a notification issued on Friday. {{^adFree}} {{/adFree}} India on June 1 cut the windfall tax on petroleum crude to 5,200 rupees per metric ton from 5,700 rupees.