Gas prices set to plunge by half a shekel starting Monday
After gasoline prices hit a record NIS 8.25 per liter, a major excise tax cut will take effect Sunday night, bringing the price down to NIS 7.75.
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Excise Tax
News and updates about Excise Tax
Smotrich, tobacco taxation and the Palestinian black market
Finance Minister Bezalel Smotrich is expected to soon approve a new order to tax smoking products that will impose an excise tax of NIS 350 per kilogram on tobacco substitutes, alongside a 4% customs duty.
Fuel Price Dropping by 3%
One liter of 95 octane gasoline will cost NIS 7.43 at self service pump, as world oil prices dip.
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