Full coverage· Economy· Updated 09:38

Israel Approves 50 Agorot Fuel Tax Cut Through November

Israel's Ministry of Finance approved a 50 agorot per liter reduction in the gasoline excise tax until the end of November, aiming to keep prices at NIS 7.85. A prior NIS 1 reduction expires November 4, with the new measure intended to offset an expected price hike.

2 newsrooms · 1 language · since 30 Oct, 09:21

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Israel Approves 50 Agorot Fuel Tax Cut Through November — Illustration by baba

What happened

01Israel's Finance Ministry approved a 50 agorot fuel tax cut through November.
02The new tax reduction aims to keep gasoline prices at NIS 7.85 per liter.
03A previous NIS 1 fuel tax cut is set to expire on November 4.
04The new measure is intended to offset an expected price increase on November 4.
05The official gasoline price will decrease by 42 agorot to NIS 7.35 per liter starting Sunday.

Meanwhile, the Ministry of Energy announced a 42 agorot decrease in the official fuel price to NIS 7.35 per liter starting Sunday.

Translated and summarized by baba from Davar, the latest report. Read Davar’s original