Fuel tax cut takes effect Kyzer warns of later rise

Oct 4

Liel Kyzer reports a further half-shekel fuel-excise cut taking effect at midnight, lowering gasoline from NIS 8.27 to NIS 7.77 per liter. She says this order and an earlier similar order expire at the end of October, so the price could then rise by at least a shekel, depending on world oil prices. She comments on the timing just after the election. The later increase is an expectation with an oil-price qualification, not an announced fixed November price.

Kan reports a further NIS 0.50 fuel excise reduction signed that evening, lowering self-service gasoline from NIS 8.27 to NIS 7.77 at midnight into October 5. Liel Kyzer says both relief orders expire at the end of October and warns of a possible rise of at least a shekel afterward, subject to world oil prices. This records the signed cut and announced effective time, retaining uncertainty about November prices.