The price of fuel will remain unchanged on October 1st - NIS 6.37 per liter

The price of fuel will remain unchanged on October 1 - NIS 6.37 per liter; The surcharge for self-service will be 21 cents per liter, also unchanged - the Ministry of Energy announced.
According to the announcement, a drop in the international price of gasoline and an increase in the exchange rate resulted in a reduction of 10 cents from the price of fuel. However, the increase in the excise tax resulted in an increase of 10 cents in the price - so the bottom line will remain unchanged.

Last month, Finance Minister Avigdor Lieberman signed a decree that reduced the reduction in the excise tax that he established six months ago due to the global energy crisis. As part of the order signed last month, if the fuel price does not exceed NIS 6.25 per liter, the excise tax discount will be reduced, up to the previous month's fuel price. Last month the discount on the excise tax was 89 cents per liter, and today it is 79 cents per liter.

Last month was the lowest price since August a year ago, when the price per liter was NIS 6.36.
The maximum price per liter of unleaded 95 octane gasoline for a consumer at a self-service station in Eilat (without VAT) will not exceed NIS 5.44 per liter, a drop of NIS 19 from the previous update. Change from previous update.
Although Finance Minister Avigdor Lieberman stated that the reduction of the tax on fuel by one shekel will be extended until the month of November, the order published tonight for public comments shows that the reduction will be 89 shekels per liter only in September, while in October and November the amount of the reduction will be assessed according to the price (the order is valid until November 15 ). If the reduction had remained at a whole shekel, the price per liter would have dropped to 6.26 shekels per liter. Without the reduction at all, the price per liter would now be NIS 7.26.
In the decree it is also proposed to state that in the event that the price of gasoline per liter is between NIS 6.25 and NIS 6.15 per liter, the reduction will be reduced to only 76 shekels per liter compared to the price without the time limit, while if the price is below NIS 6.15 per liter - the reduction will be 50 Only pennies per liter compared to the price without the hour.
At the same time, it is proposed that if the price of gasoline per liter rises above 6.50 new shekels in October or November 2022, the excise tax will be reduced by an additional 11 shekels per liter, so that one shekel will be deducted from the price of a liter of gasoline compared to the price without the time limit.
According to the explanation in the published order, the unusual mechanism of the changes in the proposed tariff is due to the publication of the order during an election period in which a transitional government is in office. "It should be emphasized that the excise tax rate embodies the internalization of external costs such as environmental pollution, road congestion, and the like, and the limitation of changes in the rate in the way proposed in the decree is intended to reduce the possibility that the consequences of the decree will go beyond the specific needs that exist on the eve of its publication, against the background of the election period," the decree reads.
Lieberman signed the first order to reduce the tax by half the shekel for the first time in April of this year, and the day before the Knesset dissolved he signed an order for another reduction of half a shekel and to extend the initial order until the end of this month. The significant reduction along with the drop in fuel prices and the exchange rate of the dollar led to a sharp drop in fuel prices in the latest update, from NIS 8.08 per liter in self-service to NIS 6.58.