Israel Fuel Prices Drop After Tax Cut Following Record Highs
Translated & summarized from NEWSru Israel by baba
Gasoline prices in Israel fell by 50 agorot to 7.75 shekels per liter on September 7 due to a temporary excise tax reduction. This followed a record high price earlier in the month caused by global refining capacity issues.
The story in 5 lines · by baba
- Israeli gasoline prices fell by 50 agorot per liter.
- The new price is 7.75 shekels per liter.
- A temporary excise tax cut caused the price decrease.
- Prices had previously reached a record high of 8.25 shekels.
- Global refining capacity issues led to the earlier price hike.
The price of 95-octane gasoline in Israel decreased by 50 agorot per liter, reaching 7.75 shekels, as of Monday, September 7. This reduction follows a temporary cut in the excise tax on gasoline. The price adjustment comes after a significant increase earlier in September, when fuel costs hit a record high of 8.25 shekels per liter. The initial surge was attributed to a global decrease in oil refining capacity.
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