Price of diesel goes up by ₹2 in Karnataka
The Hindu
Karnataka government increases diesel sales tax, leading to price hike, impacting transportation and industrial sectors.
In a move that could trigger a ripple effect across the goods and services sector, the Karnataka government has announced an increase in sales tax on diesel, raising it from 18.44% to 21.17%. This decision has led to an immediate rise in the price of fuel by ₹2.05 per litre.
The notification regarding this tax revision was officially issued on Tuesday. The latest amendment modifies a previous notification on diesel taxation dated June 15, 2024, under the Karnataka Sales Tax Act, 1957.
This hike comes at a time when the State is already witnessing increase in the prices of essential commodities such as milk and curd, along with higher fixed charges for electricity and toll.
Additionally, Bengaluru has introduced a user fee for solid waste management.
The increase in the price of diesel is expected to have a significant impact on the transportation and industrial sectors, potentially leading to higher costs in logistics and manufacturing.
While the government has not explicitly stated the rationale behind this decision, it is widely believed that the move aims to bolster the State revenue.
Speaking to The Hindu, K. Radhakrishna Holla, president of the Karnataka State Travel Operators’ Association, warned that the tax revision could create a cascading effect on the prices of goods and services.
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