India News | After Centre Cuts Excise Duty, Karnataka Slashes Petrol and Diesel Prices by Additional Rs 7 a Litre
Get latest articles and stories on India at LatestLY. After the Centre cut excise duty on petrol and diesel on Wednesday, the Karnataka government announced slashing their prices by an additional Rs 7 per litre.
Bengaluru, Nov 3 (PTI) After the Centre cut excise duty on petrol and diesel on Wednesday, the Karnataka government announced slashing their prices by an additional Rs 7 per litre.
In a series of tweets, Chief Minister Basavaraj Bommai said petrol will now cost approximately Rs 95.90 a litre and diesel Rs 81.5 in Karnataka.
He also welcomed the central government's decision to cut excise duty on petrol and diesel by a record Rs 5 and Rs 10 per litre.
"Our PM Shri @narendramodi ji has given the nation a wonderful Deepawali gift by reducing the burden of fuel prices. To add to this festive spirit, Karnataka Government too will reduce Rs 7 on both petrol and diesel prices from tomorrow evening.
"Even though, it will mean a loss of Rs 2100 crore to our exchequer, it will bring down the prices for our citizens to 95.90 & 81.50 (Approx.) for Petrol and Diesel respectively. Wishing all a very #HappyDeepavali with this good news once again," the chief minister tweeted.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)