Fuel prices are expected to skyrocket tonight (Thursday-Friday) and huge queues of cars standing one after the other at the various gas stations, with drivers hoping to have time to refuel before boarding and save a few shekels.
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Huge queues tonight at gas stations, Photo: Ami Shumen
This is the peak of a decade in the price of fuel: the price of gasoline will jump by 36 agorot per liter - and will stand at more than NIS 8 per liter starting July 1.
The new price per liter of 95-octane gasoline will be 8.08 and those who wish to enjoy full service will be required to pay another 21 cents per liter.
At the same time, the reduction of half a shekel per liter will be extended by the diesel tax until the end of 2022, according to the Tax Authority.
As mentioned, the rise in price is due to the continued rise in oil prices, against the background of the war between Russia and Ukraine and the rise in the dollar exchange rate.
Were it not for the NIS half discount that the government has been subsidizing since April, the price of fuel would have exceeded the all-time high - NIS 8.25 per liter.
The discount expires at the end of July, and the Tax Authority and the Treasury are currently promoting the publication of public comments on an order extending the tax reduction on gasoline, which stands at half a shekel per liter, until August 9.
Also, starting on August 10, another reduction of another half shekel will be determined, so that only from that date will the price of a liter of gasoline be reduced by one shekel until November 15, 2022. This was stated by the Tax Authority.
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