2022-2023 Temporary cut in fuel taxes

The government of Israel is implementing temporary reductions in gasoline and diesel taxes (ILS -0.5/liter) in the second quarter of 2022, to counteract the effects of the global energy crisis on domestic consumers. The tax and related retail price reduction for diesel fuel is enacted for two months for diesel, and for 3 and a half months for gasoline.

The measure was extended on 2023, when Israel’s Ministry of Finance implemented temporary reductions on gasoline taxes, reducing the price of a liter of gasoline by 10 agorot (NIS 3,183.32 per thousand liters). Passed in January 2023, the fuel purchase and excise taxes remained in place until the end of 2023. 

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