Fuel Prices to Rise Again Tonight After Tax Break Reduction
Translated & summarized from Maariv by baba
Gasoline prices in Israel will increase by eight agorot per liter starting Thursday morning due to a reduction in a tax benefit by Finance Minister Bezalel Smotrich. This follows a price decrease just four days prior. The maximum price for full-service stations will rise to 8.11 shekels per liter. Consumers can save money by refueling before midnight tonight.
The story in 5 lines · by baba
- Fuel prices will rise by 8 agorot per liter starting Thursday morning.
- The increase is due to Finance Minister Bezalel Smotrich reducing a tax benefit.
- The maximum price for a liter of gasoline will be 8.11 shekels.
- This is the second price adjustment in less than a week.
- Consumers can save up to 25 shekels by refueling before midnight.
The price of gasoline in Israel is set to increase again tonight, just four days after a previous reduction. The hike follows a decision by Finance Minister Bezalel Smotrich to curtail a tax benefit. Without this new order, the tax break would have expired entirely, leading to a significant price jump of one shekel per liter. Instead, the price will rise by eight agorot per liter compared to its level before the Sunday reduction, reaching a new maximum of 8.11 shekels per liter for full-service stations. This marks the second price adjustment in less than a week. Consumers planning to refuel in the coming days can save money by doing so before midnight tonight. Filling a 40-liter tank before the price change will save approximately 20 shekels, while a 50-liter fill-up will save about 25 shekels.
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