Fuel Prices to Drop Sunday Night Following Tax Cut
Translated & summarized from Walla by baba
Gasoline prices in Israel will decrease by NIS 0.50 per liter starting Sunday night, November 12th, due to a reduction in excise tax. Finance Minister Bezalel Smotrich is expected to sign the decree after a public comment period.
The story in 4 lines · by baba
- Fuel prices to drop by NIS 0.50 per liter.
- The reduction takes effect Sunday night, November 12th.
- The cut is due to a decrease in excise tax.
- Finance Minister Bezalel Smotrich will sign the decree.
The price of gasoline in Israel is expected to decrease by NIS 0.50 per liter starting Sunday night, November 12th. The Ministry of Finance published the decree for public comment, which proposes a reduction in the excise tax on gasoline. Following the public comment period, which concludes on Sunday, Finance Minister Bezalel Smotrich is expected to sign the decree.
The price adjustment will take effect at midnight between Sunday and Monday, meaning consumers will see the lower price at the pump when they refuel starting Monday morning. This measure aims to alleviate some of the financial burden on the public.
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