Karnataka CM Siddaramaiah defends ‘reasonable’ fuel price hike as BJP plans protests: ’Still lower than...’

The Government of Karnataka raised VAT on petrol to 29.84% and on diesel to 18.44%, stating that the state still has lower fuel taxes compared to other South Indian and economy-sized states.

Livemint
Updated16 Jun 2024, 03:58 PM IST
Karnataka chief minister Siddaramaiah noted that rates in several other state including Maharashtra remained higher than Karnataka despite the hike
Karnataka chief minister Siddaramaiah noted that rates in several other state including Maharashtra remained higher than Karnataka despite the hike

Karnataka Chief Minister Siddaramaiah defended a hike in petrol and diesel prices on Sunday, insisting that the revised rates were still lower than neighbouring states. The assertion came even as the Opposition BJP announced plans to stage protests across the state on June 17. The Karnataka government hiked sales tax on fuel with immediate effect on Saturday — increasing petrol prices by 3 and diesel prices by by 3.02.

“The Government of Karnataka has increased VAT on petrol to 29.84% and on diesel to 18.44%. Even after this hike, our state’s taxes on fuel remain lower than most South Indian states and similar economy-sized states like Maharashtra,” the CM said. 

Siddaramaiah noted that rates in several other state including Maharashtra remained higher than Karnataka despite the hike. The VAT on petrol stood at 25% in the western state alongside an additional tax of 5.12. The VAT on diesel stood at 21% in Maharashtra. 

“Despite the VAT hike, diesel prices in Karnataka are still lower than in Gujarat and Madhya Pradesh. We remain committed to keeping fuel prices reasonable for our citizens,” he added.

ALSO READ: Karnataka fuel price hike: Congress says ‘need money for development’, BJP retorts with ‘khatakhat loot’

The senior Congress leader also accused the former double engine BJP government of “collaborating to divert Karnataka's resources to other states”. He claimed that Kannadigas had been ‘cheated’ by the previous administration. 

“The state BJP government kept reducing VAT on petrol and diesel while the Central government increased its own taxes. This manipulation led to reduced revenue for Karnataka, while the Central government collected more for its coffers,” he added. 

The Siddaramaiah government also urged the Centre to reduce these taxes for the benefit of the people. 

ALSO READ: Fuel Price in India: After Karnataka tax hike, here's how much petrol, diesel costs in your city; Full list here

Meanwhile the BJP has announced plans to stage protests across Karnataka on June 17. 

“We urge the Chief Minister to withdraw this decision immediately. Tomorrow we have organised protests across the state and we are not going to keep quiet till the hike is revoked. After the Lok Sabha elections, they (Congress government) have increased fuel prices. This will cost all sections of people in the entire state,” Vijayendra told PTI.

(With inputs from agencies)

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:16 Jun 2024, 03:58 PM IST
HomeNewsIndiaKarnataka CM Siddaramaiah defends ‘reasonable’ fuel price hike as BJP plans protests: ’Still lower than...’

Most Active Stocks

Bharat Electronics

313.50
03:59 PM | 18 JUL 2024
-12.85 (-3.94%)

Oil & Natural Gas Corporation

331.20
03:59 PM | 18 JUL 2024
8.8 (2.73%)

Zee Entertainment Enterprises

142.45
03:59 PM | 18 JUL 2024
-13 (-8.36%)

Tata Steel

166.35
03:56 PM | 18 JUL 2024
-0.7 (-0.42%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

India Cements

344.75
03:54 PM | 18 JUL 2024
21.7 (6.72%)

IDBI Bank

92.19
03:59 PM | 18 JUL 2024
4.27 (4.86%)

Endurance Technologies

2,679.00
03:29 PM | 18 JUL 2024
102.4 (3.97%)

Gillette India

8,002.75
03:29 PM | 18 JUL 2024
275 (3.56%)
More from Top Gainers

Trending In Market Value Up Icon

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,099.00-147.00
    Chennai
    74,659.00-440.00
    Delhi
    74,512.00-294.00
    Kolkata
    75,539.0073.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanBudget