Fuel Prices Set to Rise Again as Tax Discount Shrinks
Translated & summarized from Kikar HaShabbat by baba
Gasoline prices in Israel will rise at midnight as the excise tax discount is reduced from one shekel to 50 agorot. The price had previously fallen to 7.35 shekels per liter earlier in the month. The new price, which will be higher, will be in effect until the end of the month.
The story in 5 lines · by baba
- Fuel prices in Israel will increase at midnight.
- The excise tax discount on gasoline is being reduced.
- The discount will decrease from 1 shekel to 50 agorot.
- The price had previously dropped to 7.35 shekels per liter.
- The new price will be in effect until the end of the month.
The price of gasoline in Israel is set to increase at midnight, following a reduction in the excise tax discount. Earlier this month, the price dropped to 7.35 shekels per liter due to a one-shekel discount. This discount is now expiring and will be replaced by a smaller 50 agorot (half-shekel) reduction.
The new, higher price will remain in effect until the end of the month. This adjustment means consumers will pay more for fuel for the remainder of the current month.
Mentioned
