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      Archive: 7/31/2012
      09:09
      Reported

      News Brief

        7/31/2012, Av 12, 5772

      Value-Added Tax, Gasoline Price to Rise at Midnight


      The value-added sales tax will rise at midnight to 17 percent, causing a 6.25 increase in the price of most goods and services.

      The beginning of August will also mark an increase of 30-40 agorot per liter of gasoline. As a result, the self-service price for 95-octane fuel will be NIS 7.67 ($7.12 per gallon), while the full service price will be 7.83 shekels ($7.28 per gallon).