News Briefs

  7/31/2011, Tammuz 29, 5771

Gas Price Increase Canceled

The excise tax on gas is to be lowered, Finance Minister Yuval Steinitz and Infrastructures Minister Uzi Landau agreed on Sunday. The tax was to be a major component of the scheduled price rise in gas at midnight Sunday, when gas prices were to rise by 31 agurot per liter.

As a result of the decision, the increase in gas prices for this month has been canceled.