A Real Gift that Indians were waiting for : The Centre announced reduction in excise duty on petrol and diesel on Wednesday, Karnataka state government too followed the suit and took similar steps. CM of Wednesday Announced a major relief to the common man this Deepavali.
Central goverment reduces prices of petrol and diesel by Rs 5 and Rs 10 per litre respectively. Karnataka chief minister Basavaraj Bommai thanked Narendra Modi for reducing excise taxes and announced that the state would reduce Rs 7 per liter for petrol and diesel. With this, the price of petrol is expected to be Rs 95.5 and diesel Rs 81.5 per litre in Karnataka.
This will lead to a revenue loss of Rs 2,100 crore to the state government. Bommai stated that the new prices will come into effect from Thursday evening. “This will be the Deepawali gift from state and union governments,” he tweeted.
Todays Petrol & Diesel rate in Belagavi : Petrol ₹107.34 (6.29) | Diesel ₹91.79 (-12.45)
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With effective from midnight : Petrol ₹100.34* | Diesel ₹84.79*