HomeIndiaAfter the elections, the price of petrol and diesel has increased in...

After the elections, the price of petrol and diesel has increased in this state, the Congress government has given the green signal to the decision

Karnataka Gasoline Price Hike: The Karnataka government has increased the gross sales tax on petrol and diesel. After this, its costs have increased. Petrol has turn out to be costlier by Rs 3 and diesel by Rs 3.20 in the state. In accordance to the government order, gross sales tax has been increased from 25.92% to 29.84% on petrol and from 14.34% to 18.44% on diesel.

The state government has introduced a rise in tax on petrol and diesel on June 15. In accordance to the state government notification, Karnataka Gross sales Tax (KST) has been increased from 25.92 p.c to 29.84 p.c on petrol and from 14.3 p.c to 18.4 p.c on diesel. The notification issued by the Finance Division stated that this will come into impact instantly. At current, petrol is being offered at Rs 99.84 per liter in Bengaluru, whereas diesel is being offered at Rs 85.93 per liter.

Congress' ensures are affecting the pockets of the frequent man

A senior finance division official stated the hike in gas costs will assist elevate round Rs 2,500-2,800 crore this fiscal. The Congress occasion had introduced ensures on forming a government in the state, for which to elevate extra income, the state government has imposed 20 per cent extra excise obligation (AED) on all slabs on Indian Made Liquor (IML) and increased AED on beer from 175 per cent to 185 per cent, imposed 3 per cent extra cess on newly registered transport autos, imposed a lifetime tax on EVs (electrical autos) above Rs 25 lakh and accelerated tax assortment.

Government operating in deficit?

Siddaramaiah's revenue-deficit finances for 2024-25 has a complete income deficit of Rs 3,71,383 crore. With a deficit of Rs 27,354 crore, this is presumably the first time that annual borrowing has exceeded Rs 1 lakh crore in a monetary 12 months.

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