Diesel, petrol now cheaper in Karnataka as Siddaramaiah govt abolishes entry tax

News Network
July 2, 2017

Bengaluru, Jul 2: The diesel and petrol have become cheaper in Karnataka after the launch of GST as the chief minister Siddaramaiah led Congress government has abolished the entry tax.

apetrol

From July 1, diesel in Karnataka becomes the cheapest in south India. The new GST regime has indirectly benefited motor vehicles users as the state government announced abolition of 5% entry tax. This, in turn, lowered fuel prices further by Rs 2.8 per litre on diesel and Rs 3 per litre on petrol.

As on July 1, diesel price was the lowest in Mangaluru -Rs 53.65 per litre in the entire state, but in Bengaluru the price was Rs 54.23 per litre (Rs 57.08 per litre on Friday). These figures for Saturday were lower than in Hyderabad, Mumbai, Chennai, Thiruvananthapuram, Panjim and Puducherry. The cost of petrol per litre was lowest in Mangaluru, Rs 63.64, and in Bengaluru it was Rs 64.24 per litre on Saturday.

The Re 1 rise in Bengaluru fuel prices compared to Mangaluru is due to transportation cost from refineries in Mangaluru.

On June 29, the state government decided to abolish entry tax on fuel and reduced the tax payable by a dealer under Section 5 of the Karnataka Sales Tax Act, 1957 (Act 25 of the Act) which is 19% on diesel. For petrol, the sales tax was slashed by 30% and aviation fuel by 28%.

BR Ravindranatha, presi dent, Akhila Karnataka Federation of Petroleum Dealers, told STOI, "GST is a different thing altogether but the impact will be different in different states when it comes to diesel and petrol prices. Entry tax has been abolished by Karnataka but in a couple of neighbouring states, it has not been abolished. That's why the price of motor fuel has reduced drastically in Karnataka. Also, diesel is now cheapest in Karnataka among the southern states."

The move by the state government is a calculated one as it is timed around GST. The move has removed 5% entry tax on petrol, aviation fuel, motor spirit and piped natural gas each of which attracts sales tax of 30%, 28%, 19% and 5.5% respectively. The government of Karnataka hereby reduces with effect from first day of July, 2017, the tax payable by a dealer under section 5 of the Karnataka Sales Tax Act, 1957," a special gazette notification of the finance secretariat dated June 29, 2017 states. This 'tax payable' is entry tax, points out the Karnataka State Federation of Petroleum Dealers (KSFPD).

Hannulal R Tiwari, IOCL dealer from Vijayapura and vice-president of the federation, lauded Siddaramaiah's move to remove entry tax on petroleum products. The price of diesel per litre in Karnataka is now less approximately by Rs 2.50 compared to Tamil Nadu, Rs 3.50 from Maharashtra, Rs 1.50 from Goa, Rs 6 from Andhra Pradesh and Rs 4 from Telangana. Likewise, there has also been appreciable reduction in price of petrol, he adds. However, the price is different in five cities in Karnataka. In Mysuru, the price of petrol slipped by Rs 3.30 per litre and diesel by Rs 2.70 per litre. A litre of petrol cost Rs 63.98 and diesel Rs 54 as on July 1.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 14,2024

busowner.jpg

Udupi: In a freak mishap, a 65-year-old man lost his life after being hit by his own bus which was being repaired at a garage at Athrady in Udupi district on Wednesday, March 13.

The deceased has been identified as Dayanand Shetty, the owner of a private bus.

It is learnt that the bus had been kept for repairs at the garage and Dayanand had gone there to inspect the repair works.

At this time, the mechanic started the engine and the bus moved ahead. Dayanand, who was standing in front of the bus, came under its wheels.

He was immediately rushed to a hospital where he died without responding to the treatment. A case is registered at jurisdictional Manipal police station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 27,2024

hdkprajwal.jpg

Hassan: Former Prime Minister and JD(S) supremo H.D. Deve Gowda has announced that his son, former Karnataka Chief Minister H.D. Kumaraswamy will contest from state's Mandya parliamentary seat as NDA candidate.

Deve Gowda told reporters on Tuesday that the decision to field Kumaraswamy, who is also JD(S) state president, in Lok Sabha polls from the Mandya seat was taken amid mounting public demand. "People are demanding that Kumaraswamy should contest from Mandya. In the core committee meeting as well, all members suggested that he should contest from Mandya," Deve Gowda said.

The former Chief Minister's son Nikhil Kumaraswamy had lost to independent candidate Sumalatha Ambareesh from Mandya in the 2019 Lok Sabha polls.

The JD(S) supremo further said that the name of senior leader Mallesh Babu has been finalised from the Kolar seat.

Deve Gowda's grandson and former Karnataka Minister H. D. Revanna's son sitting JD(S) MP Prajwal Revanna will be contesting as the NDA candidate from the Hassan seat.

Earlier in the day, Kumaraswamy in a media briefing indicated that he would contest from Mandya amid mounting public pressure on him.

Congress has fielded Venkatarame Gowda popularly known as ‘Star Chandru’ from the Mandya seat dominated by Vokkaligas. Star Chandru is a close associate of Deputy Chief Minister D.K. Shivakumar.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 22,2024

Tejaswi.jpg

Bengaluru, Mar 22: An FIR has been registered against BJP MP Tejasvi Surya over a provocative hate post on social media, Election Commission officials said on Friday.

The move comes after a complaint filed by officials of the poll body and Bruhat Bengaluru Mahanagara Palike (BBMP) that the Bengaluru South MP, who is also the President of Bharatiya Janata Yuva Morcha, had in a post apparently targeted a minority and spread enmity between two communities.

He also made a similar post on March 19 on X and YouTube which went viral. He has 1.3 million followers on X, thereby influencing the voters and disturbing the communal harmony between the communities, it further alleged.

Based on the complaint, an FIR was registered at Halasuru Gate police station on March 20 under sections 153 A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony), 295 A (Deliberate and malicious acts intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Indian Penal Code and the Representation of the People Act, the officials said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.