Fuel prices to drop in Karnataka: CM HDK

Bengaluru: CM H D Kumaraswamy plans to slash taxes on fuel and is said to have directed the finance department to take necessary steps to reduce duty on petrol and diesel by at least Rs 2 to Rs 2.50 per litres.

The decision is expected to roll out on soon.

Kumaraswamy, had in his budget announced on July 5, had raised the tax percentage on petrol from 30 to 32 per cent and on diesel from 19 to 21 per cent. By this, the petrol rates were increased by Rs. 1.14 and diesel Rs. 1.12.