Treasury Proposes 50-Agorot Gasoline Tax Cut Through November

Israel's Finance Ministry published a proposed gasoline-tax order for public comment on October 30, offering relief of 50 agorot per liter for 26 days through the end of November. The proposal would replace the current one-shekel reduction, which expires on November 4. Finance Minister Bezalel Smotrich's signature remains pending. Under the proposal, the maximum self-service price of 95-octane gasoline would be NIS 7.85 per liter from the night between November 4 and 5. Without replacement relief, it would reach NIS 8.35. The Treasury said the measure aims to "reduce the price of gasoline." The proposed purchase-tax and excise reductions would forgo NIS 136 million in state revenue. That proposal is separate from the monthly price adjustment already announced for November 1. The regulated self-service maximum will fall by 42 agorot to NIS 7.35 per liter, including VAT, overnight between October 31 and November 1. That price applies through November 4 under the existing tax arrangement. The full-service supplement remains 26 agorot per liter, including VAT. The proposed November 5 price would therefore be 50 agorot higher than the November 1–4 level, while remaining 50 agorot below the price without renewed relief. Public comments must close and be considered before the proposed order proceeds to possible signature. Its publication does not establish that the new reduction has taken effect.