Israel Gas Prices to Drop Sunday, Then Surge Unless Tax Cut Extended
Translated & summarized from NEWSru Israel by baba
Gasoline prices in Israel will fall by 42 agorot to 7.35 shekels per liter on Sunday, November 1. However, prices may rise by one shekel to 8.35 shekels per liter on Thursday, November 5. This depends on the Ministry of Finance's decision to extend a tax reduction. The final price after November 4 hinges on this tax policy.
The story in 4 lines · by baba
- Israeli gas prices will drop 42 agorot to 7.35 shekels per liter on Sunday, November 1.
- Prices could surge by one shekel to 8.35 shekels per liter on Thursday, November 5.
- The potential price hike depends on the Ministry of Finance extending a tax cut.
- The excise tax reduction currently in place is one shekel per liter.
Gasoline prices in Israel are set to decrease by 42 agorot per liter on Sunday, November 1, bringing the self-service price for 95-octane fuel to 7.35 shekels. However, this relief may be short-lived, as prices could jump by as much as one shekel to 8.35 shekels per liter as early as Thursday, November 5. This potential increase hinges on a decision by the Ministry of Finance regarding the extension of a one-shekel per liter excise tax reduction on gasoline. The final price after November 4 will be determined by the ministry's choice on whether to continue the tax concession.
