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
10.01.05 / 00:00
Knesset finance committee approved parity for diesel and gasoline tax
10.01.05
Knesset finance committee approved parity for diesel and gasoline tax
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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.

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