Economy

Smotrich Signs Two-Month Fuel-Tax Cut, Lowering Gasoline to NIS 7.75

Published

Courtroom-sketch editorial illustration of Finance Minister Bezalel Smotrich wearing a knitted kippah and pale-blue shirt as he signs an official document with a green pen at his office desk, with papers and wooden shelving around him, drawn in warm ochre and slate-blue pastel on sepia newsprint.

Finance Minister Bezalel Smotrich signed a temporary order cutting the fuel-tax burden by 50 agorot per liter for two months, through October 31. From midnight Sunday to Monday, the maximum self-service price for 95-octane gasoline will fall from NIS 8.25 to NIS 7.75; in Eilat, the price will fall by 42 agorot to NIS 6.57. The reduction combines 42 agorot in excise tax with an 8-agorot VAT effect. The measure is expected to reduce state revenue by NIS 155 million a month, or NIS 310 million over its term.

Sources

Secondary sources:1234

Related stories

  1. Agriculture and Finance Ministries Sign NIS 100 Million Sheep-Dairy Reform
  2. Child Savings Reach NIS 25.4 Billion in National Insurance Report
  3. Zelekha Says Economic Plan Would Save Families NIS 2,000 Monthly
  4. National Insurance to Pay NIS 1,204 School Grants to 140,000 Families
  5. Finance Ministry Unveils Unified Savings Account Reform

Something went wrong

We couldn't complete that action. Check your connection and try again.