The Knesset Finance Committee approved last week an historic reform in petroleum product taxation. The reform will, within five years, raise tax on diesel oil to the level of tax on gasoline.
Tax on diesel oil had recently been raised to 68 Agorot per liter. The increase is expected to generate some NIS 1.2 billion in state revenues.
On July 1, 2005, diesel tax will be increased to 98 Agorot per liter. The planned increase is expected to generate another NIS 300 million in state revenues annually.
According to the approved plan, the final stage of the reform, in July 2009, will create tax parity between gasoline and diesel oil.
Knesset finance committee approved parity for diesel and gasoline tax
The Knesset Finance Committee approved last week an historic reform in petroleum product taxation. The reform will, within five years, raise tax on diesel oil to the level of tax on gasoline
00:00 ,10.01.2005
Knesset finance committee approved parity for diesel and gasoline tax
-
Found it useful? Share
-
Share on Facebook
-
Share on X
-
Share on LinkedIn
-
Share via Email
-
Share on WhatsApp
-
Print Article
Found it useful? Share
Related
2004 GDP - 4.2% growth
CBS : Israel's terms of trade deteriorated 1.7% in Q3
03.01.2005
Israel and China: $5b annual trade by 2008
03.01.2005
Israel was invited as an observer to OECD trade committee
On the Threshold of 2005 – 6,862,000 Residents in the State of Israel
Ministerial Privatization Committee Approves Proposal to Privatize Israel National Oil Refineries Co