Smotrich Expected To Cut Fuel Excise Tax As Gasoline Hits Record High
6 Articles
6 Articles
Smotrich Expected To Cut Fuel Excise Tax As Gasoline Hits Record High
JERUSALEM (VINnews) — Finance Minister Bezalel Smotrich is expected to sign an order reducing Israel’s fuel excise tax as motorists face a new increase that will match the highest gasoline price on record. The Energy and Infrastructure Ministry said Sunday that the maximum regulated price for 95-octane unleaded gasoline at self-service pumps will rise 16 […]
Economy: The Minister of Finance, Betzalel Specch, instructed his department to prepare a reduction in the fuel tax in order to prevent the planned increase in the price of petrol.
The Minister of Finance ordered an order to reduce the excise tax on fuel | A reduction of about half a shekel per liter in order to soften the expected price increase | Budgetary cost: about 300 million shekels per month - the Ombudsman is expected to oppose on grounds of "election economics" (Economy in Israel)
In light of the global energy crisis and security tensions with Iran, Finance Minister Bezalel Smotrich has ordered steps to reduce the excise tax on gasoline in order to prevent the expected increase in fuel prices. Professional discussions are currently taking place at the Ministry of Finance to formulate the exact mechanism and threshold for the reduction, with the minister expected to sign the order as soon as possible so that the reductions…
Finance Minister Bezalel Smotrich has ordered a reduction in the excise tax on fuel to halt the surge in fuel prices that is set to occur this coming Tuesday. According to a statement from the Finance Ministry, discussions are currently underway to determine the threshold for the reduction.
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