The reduction of half a shekel per liter to the diesel tax will be extended until the end of 2022 - this was announced this morning (Wednesday) by the Tax Authority.
Against the background of the increases in fuel prices and as part of the Ministry of Finance's deal with the cost of living, last night the Minister of Finance, Avigdor Lieberman, issued a memorandum ordering that the reduction be extended for another six months.
It was announced yesterday that according to estimates, the price of gasoline is expected to jump by about 23 cents per liter - an increase of about 3% - and will stand from July 1 at about NIS 7.95 per liter - a record of almost a decade.
The expected rise in prices 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.
Minister of Finance Lieberman, Photo: Oren Ben Hakon
It is important to note that these are currently estimates, and that the final price will be announced by the Ministry of Energy in the coming days.
Currently, more than half of the price of fuel is the taxes levied by the government (excise tax and VAT) - and this is a high tax rate compared to most developed countries.
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