Vehicle users in the city got some good news, as fuel prices dropped with the abolition of the entry tax that the state government was imposing.
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The abolition, which is in line with the introduction of the Goods and Services Tax that was rolled out across the country on July 1, will result in a drop in fuel prices ranging between ₹2.5 to ₹3. Besides the abolition of entry tax, the sales tax being charged under Section 5 of the Karnataka Sales Tax Act, 1957, was also slashed, which has also contributed to the drop in prices.
As a result, from Saturday, diesel was being sold at ₹54.27 per liter and petrol for ₹64.21 per liter.
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