Increase in petrol,diesel rates by Kar Govt

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The hike in petrol prices by Rs 1.14 and Rs 1.12 in diesel announced by The Karnataka Government on Thursday The Chief Minister has proposed to increase the rate of tax on petrol from the present 30% to 32% and diesel from 19% to 21%.

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Also read- Rise in fuel price after 1 month

This was done while presenting the state budget, Earlier in the day,  the price of petrol and diesel was risen the first time in more than a month on the back of rising worldwide rates and weakening rupee. Earlier, the Karnataka Government announced a limited loan waiver of Rupees 34,000 cr which will benefit farmers whose loans are less than Rs 2 Lakh.

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