News Briefs

  12/12/2011, Kislev 16, 5772

Committee Cancels Hike in Gasoline Tax

The Knesset Finance Committee cancelled, Monday morning, an automatic increase in the excise tax on gasoline and biodiesel fuel that was scheduled to take effect on January 1st. The increase for gasoline would have been 40 agorot for gasoline and 20 agorot for diesel.

Following the vote, Committee Chairman Moshe Gafni said, "This is truly good news for the citizens of Israel, more than anything produced by [the] Trajtenberg [Committee on Socio-Economic Change]."