C'tee okays bill on gas price signs

Stations that do not display the appropriate information will be subject to fines of up to NIS 180,000.

By MATTHEW KRIEGER
October 25, 2007 07:17

The Knesset Economics Committee on Wednesday approved a third reading of a bill submitted by MK Gilad Erdan (Likud) that, if approved by the Knesset plenum, will require gas stations to display only the final price of a liter of gas, and not any misleading discounts. Today, gas stations are allowed to display any discounts below the final price of 95 or 96 grade gasoline, information, which could mislead customers into thinking that the price is actually less than is displayed. Erdan's law will require gas stations to erect a clear sign at the entrance to the station displaying only the final price of the gas, as well as additional signs at the gas pumps. Stations that do not display the appropriate information will be subject to fines of up to NIS 180,000.


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