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PanetEconomy

Fuel Prices Drop in Israel Following Tax Update

Translated & summarized from Panet by baba

CommunityNeutral tone

Arabic · 28 newsrooms covering

Fuel prices in Israel saw a noticeable decrease starting Monday, with a liter of 95-octane gasoline dropping by 50 agorot to 7.75 shekels at self-service stations due to an updated "Blue Tax."

The story in 5 lines · by baba

  • Fuel prices decreased significantly starting Monday.
  • 95-octane gasoline now costs 7.75 shekels per liter.
  • The price drop is attributed to an updated "Blue Tax."
  • Full-service prices remain unchanged.
  • Eilat sees a lower price reduction excluding VAT.
Fuel Prices Drop in Israel Following Tax Update
Editorial illustration generated by baba News, not a photograph of the event.

New, lower prices for regulated fuel products went into effect at midnight Sunday-Monday in Israel, following an update to the "Blue Tax" imposed on gasoline. The maximum price for a liter of lead-free 95-octane gasoline at self-service stations has been reduced to 7.75 shekels per liter, including VAT, a decrease of 50 agorot from the previous price. The cost for full-service remains unchanged at an additional 26 agorot per liter, including VAT.

In the resort city of Eilat, the maximum price for a liter of gasoline at self-service stations, excluding VAT, dropped to 6.57 shekels, a reduction of 42 agorot. The full-service cost in Eilat remains at 22 agorot per liter, excluding VAT.

The Ministry of Energy encouraged consumers to compare prices across different fuel stations to find the most cost-effective option.

PanetArab · Arara

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Mentioned

Full coverage · 31 outlets
First: N12 · Sep 6

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