Fuel Prices Drop Following New Excise Tax Implementation
Translated & summarized from Al-Shams by baba
New fuel prices went into effect in Israel after an update to the gasoline excise tax. The price of 95-octane gasoline at self-service stations decreased by 50 agorot to 7.75 shekels, while prices in Eilat also saw a reduction.
The story in 5 lines · by baba
- Gasoline prices decreased due to updated excise tax.
- 95-octane self-service price fell by 50 agorot to 7.75 shekels.
- Full-service costs remained unchanged.
- Eilat gasoline prices also saw a reduction.
- Ministry of Energy advises consumers to compare prices.
A new pricing structure for regulated fuel products took effect at midnight Sunday-Monday, following an update to the excise tax 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, including value-added tax, 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 city of Eilat, the maximum price for a liter of gasoline at self-service stations has dropped to 6.57 shekels, excluding VAT, marking a reduction of 42 agorot. The full-service cost in Eilat also remains unchanged at 22 agorot per liter, excluding VAT.
The Ministry of Energy is encouraging consumers to compare prices across different gas stations to find the most favorable rates, noting that prices can vary between stations.
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