Karnataka petrol diesel price hike - 10 things to know with detail
- 1. The Karnataka government recently announced a hike in the prices of petrol and diesel in the state.
- 2. The price of petrol has been increased by Rs 2.59 per litre, while the price of diesel has been hiked by Rs 2.52 per litre.
- 3. The hike in fuel prices is due to the increase in crude oil prices in the international market, as well as the weakening of the Indian Rupee against the US Dollar.
- 4. This is the sixth consecutive increase in fuel prices in Karnataka in the past few months.
- 5. The hike in fuel prices is expected to have an impact on the cost of living for the people of Karnataka, as it will lead to an increase in the prices of essential commodities.
- 6. The opposition parties in Karnataka have criticized the government for the hike in fuel prices, calling it a burden on the common man.
- 7. The government has defended the hike in fuel prices, stating that it is necessary to maintain the fiscal health of the state.
- 8. The increase in fuel prices is expected to have an impact on the transportation sector, as well as on industries that rely on petrol and diesel for their operations.
- 9. The government has also announced that it will be providing relief to certain sections of society, such as farmers and auto-rickshaw drivers, to help them cope with the increase in fuel prices.
- 10. The hike in fuel prices in Karnataka is part of a larger trend of increasing fuel prices across the country, as the government looks to reduce its subsidy burden and shore up its finances.