Karnataka cuts sales tax by ₹7 each on petrol, diesel

Following the Central Government’s determination to cut back excise responsibility on petrol and diesel by ₹5 and ₹10 respectively, the State Government late on Wednesday evening introduced discount of State’s sales tax on each petrol and diesel by ₹7 each, with impact from Thursday night.

Chief Minister Basavaraj Bommai, who took to Twitter to announce this, stated the State would lose income of ₹2,100 crore owing to lowered sales tax.

He congratulated Prime Minister Narendra Modi for offering aid to the individuals who have been impacted by rising gas costs, and stated the each Central and State Governments had provided Deepavali present to the individuals by lowering gas costs.

Special Correspondent , 2021-11-04 01:53:00

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