Economy Fuel price hike: Karnataka joins Rajasthan, Andhra and West Bengal, cuts petrol and diesel prices by Rs 2 Updated : September 17, 2018 12:26 PM IST Domestic fuel prices have been on the rise since mid-August due to various factors including rupee depreciation, high excise duty and rise in crude oil rates. The variation in prices in different states is primarily due to different rates of VAT. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.