Fuel Prices to Jump as Tax Discount Nears End
Translated & summarized from Kikar HaShabbat by baba
Gasoline prices in Israel will rise at midnight as a NIS 1 tax discount ends and is replaced by a NIS 0.50 discount. The price had previously fallen to NIS 7.35 per liter at the start of the month. The new, higher price will be in effect until the end of the month.
The story in 4 lines · by baba
- Fuel prices in Israel will increase at midnight as a tax discount expires.
- The excise tax discount is being reduced from NIS 1 to NIS 0.50.
- The price of gasoline had previously dropped to NIS 7.35 per liter.
- The new fuel price will be effective until the end of the month.
The price of gasoline in Israel is set to increase at midnight as a significant tax discount expires. At the beginning of the month, the price dropped to NIS 7.35 per liter due to a NIS 1 reduction in excise tax. However, this discount is now being halved to NIS 0.50, meaning the price will rise.
The new, higher price will remain in effect until the end of the current month. This adjustment reflects the reduction in the tax break, which had temporarily lowered the cost for consumers.
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