Bengaluru: The Congress-JDS coalition government in Karnataka on Friday raised tax rates on petrol and diesel to 32 per cent and 21 per cent respectively, citing poor impact on the state revenue collection due to constant drop in the prices of crude oil in global market.

Worth mention here before this revision, the tax rates on petrol and diesel were 28.75 per cent and 17.73 per cent, respectively. Now the revised rates for petrol and diesel are Rs 70.84 per litre and Rs 64.66 per litre, respectively.

Reports suggested that The revision has been made due to continuous drop in the prices of crude oil in global market from past two-and-a-half months consequentially in base price of both fuels dropping to a large extent, causing poor impact on state's revenue collection, the chief minister's office  in a statement asserted.

In spite of the revision, the retail price of petrol and diesel in Karnataka are lesser compared to neighboring states, mulling over the base price of the fuels as on January 1, 2019,it asserted.

It also stated there was extra collection of Rs 1.14 and Rs 1.12 per litre on petrol and diesel, respectively, due to the government raising the tax rate, from 30 per cent to 32 per cent and from 19 per cent to 21 per cent, respectively, from July 15, 2018.