Israel Gas Prices to Drop as Government Cuts Fuel Tax
Translated & summarized from NEWSru Israel by baba
The story in 5 lines · by baba
- Gasoline prices in Israel will fall to 7.77 shekels per liter on October 5.
- The price drop is due to a further reduction in the fuel excise tax.
- The government estimates the tax cut will reduce budget revenues by 150 million shekels.
- The measure's timing close to elections has drawn attention.
- Finance Ministry professionals reportedly opposed the additional tax reduction.
Starting midnight on October 5, the maximum price for a liter of 95-octane gasoline at self-service stations in Israel will decrease by 50 agorot, falling from a record high of 8.27 shekels to 7.77 shekels. This reduction is attributed to a further cut in the fuel excise tax. The legal advisors to the Finance Ministry and the government have indicated no objections to the Finance Minister signing the relevant decree, even with elections approaching. The excise tax will be lowered by an additional 50 agorot, bringing it to approximately 2.73 shekels per liter. The Finance Ministry estimates this measure will reduce budget revenues by around 150 million shekels. This follows a previous 50-agorot excise tax reduction on gasoline implemented by Smotrich in September. Israeli economic media have pointed to the timing of this measure, noting its potential electoral implications, as the temporary tax reduction is set to expire shortly after the elections at the end of October. Professional staff within the Finance Ministry reportedly opposed the additional tax cut.
Read the original at NEWSru IsraelThe same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
