After cutting sales tax rates on petrol and diesel, the Janata Dal (Secular)-Congress government is now planning to hardsell Karnataka as a destination where motor fuel prices are the cheapest.
Officials in the finance department said the government is proposing to put up huge signages on national highways in border areas welcoming vehicle owners from neighbouring states to tank up at Karnataka’s fuel depots. The signages will display the day’s retail fuel prices.
“Even earlier, fuel prices were cheaper in Karnataka. Now, after the latest tax revision, prices have gone down further. We see an opportunity here to promote Karnataka as a consumer-friendly state, which will also help mop up funds and make up for the revenue loss due to tax cut,” said a senior official in the finance department. “One step towards this is to put up signages near border areas, displaying fuel prices.”
Owing to a public outcry over spiralling fuel prices, chief minister HD Kumaraswamy, who holds the finance portfolio, on Monday announced a cut in tax rates by 3.25% and 3.27% on petrol and diesel, respectively, claiming that the move would effectively bring down prices by Rs 2 per litre. Read More
Latest posts by The Times Of India (see all)
- PM Narendra Modi urges oil suppliers to review payment terms to give rupee relief - October 15, 2018
- To reduce energy cost, PM pitches for partnership between producers and consumers in oil market - October 15, 2018
- 4-hour power cut turns a Sunday spoiler for many - October 15, 2018