Nov 3, 2026
historic times once again
The price of gasoline in Israel is adjusted once a month and changes accordingly at the pumps the 1st of every month at midnight. It is extremely rare for the price to change mid-month - it has only happened a few times in the history of Israel, from what I could find. And in that regard we are about to experience gasoline history once again!
Due to the recent [global] sharp increases in the price of gasoline, along with it coinciding with Smotritch's electoral campaign, the Finance Minister cut the "blu tax" on gasoline by 1nis per liter. Smotritch did this in October after the month had already begun (which was one of the other few times in history the price changed mid-month).
On the night of November 5, as it turns to November 6 at midnight, that tax discount will expire so the price will automatically adjust upward. The FInance Ministry announced though that the discount will be lessened to 50ag per liter and extended until the end of November. Meaning, the tax discount partially expires on november 6 so will go up at the pump by 50ag per liter, and the balance will expire at the end of the month when it will go up by another 50ag per liter (along with whatever else happens to the price at the end of the month, up or down).
Living in historic times is getting both expensive and tiring...
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Wow, that's stable. Where I am, gas was $1.78/L when I drove to work and $1.56 when I drove home.
ReplyDeletesure, stable, with very high tax and you pay the same price for gasoline the entire month no matter what happens with the price of oil, up or down
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