Government freezes price of gasoline for one month

01.08.2011                      01.Aw-Elul, 5771

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Government freezes price of gasoline for one month

Move comes after Steinitz bows to pressure; Uzi Landau: "It is impossible to impose taxes on the public beyond what they can endure."

The government will absorb the higher cost of gasoline in August, after Finance Minister Yuval Steinitz bowed to pressure from National Infrastructures Minister Uzi Landau on Sunday and signed a directive cutting the excise tax by an amount equal to the price rise.
The price of self-service 95 octane gasoline was due to rise at midnight by NIS 0.31 per liter to NIS 7.53, just short of the record of NIS 7.62 set in May. Instead, it will remain at NIS 7.22, effective until the end of August….