Israel Cuts Fuel Excise Tax, Bringing Gasoline Price to NIS 7.77 Per Liter
4 Articles
4 Articles
Israel gas price to drop following Smotrich pre-election push
A tax cut set to lower prices comes just weeks before the election, after a legal review delayed its implementation. Finance Ministry officials warned that the move would deepen the deficit and leave the government needing to raise other taxes
Israel decided to reduce the indirect tax on gasoline by half a nickel per litre as of Monday tomorrow, in accordance with a joint statement issued by Prime Minister Benjamin Netanyahu and the Minister of Finance of Smoothrich. Thus, the price of petrol will be 7.777 chil, from 8.27 chil, according to the Bloomberg News Agency on Saturday. It is reported that the price of a barrel of oil remains above $100 due to the risk of war in the Middle Ea…
Economy: In Israel, the drop in gasoline excise came into effect. The maximum price of a litre of octane-95 gasoline at self-service stations fell by 50 agorotes – from 8.27 to 7.77 shekels.
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