Israel Fuel Prices Jump as Tax Break Reduced
Translated & summarized from Cursorinfo by baba
Gasoline prices in Israel will increase by 50 agorot to 7.85 shekels per liter on November 5 due to a reduced tax discount. This change will make filling a 50-liter tank 25 shekels more expensive. Meanwhile, Israel is advancing its electric vehicle infrastructure by allowing more space for charging equipment at gas stations and permitting facilities within highway interchanges.
The story in 5 lines · by baba
- Gasoline prices in Israel will rise by 50 agorot to 7.85 shekels per liter on November 5.
- The price increase is due to the Ministry of Finance reducing a tax discount on fuel.
- Filling a 50-liter car tank will now cost drivers an additional 25 shekels.
- Israel is expanding electric vehicle infrastructure with new regulations for gas stations.
- New rules allow more space for charging equipment and facilities within highway interchanges.
The price of gasoline in Israel is set to increase by 50 agorot per liter starting Thursday, November 5, with the maximum price for AI-95 gasoline at self-service stations rising to 7.85 shekels. This price hike follows a brief four-day period where the cost was 7.35 shekels per liter. The increase is attributed to a decision by the Ministry of Finance to reduce a tax discount. Finance Minister Bezalel Smotrich approved a directive that lowers the excise tax by 50 agorot, a decrease from the previous one-shekel per liter discount. Without this change, fuel prices would have climbed to 8.35 shekels per liter. Consequently, filling a standard 50-liter car tank will now cost Israeli drivers an additional 25 shekels.
In parallel, the government is accelerating infrastructure development for a transition to electric vehicles. The National Council for Planning and Construction has approved amendments to the Amal-18 master plan, which governs gas station operations. A significant change permits the construction of up to 100 square meters of additional technical space for transformers and electrical equipment at gas stations equipped with at least five fast-charging points. Furthermore, such engineering facilities are now officially allowed within highway interchange areas, aiming to speed up the expansion of the fast electric charging network nationwide.
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