Fuel Prices to Drop by Half a Shekel Amid Election Period
Translated & summarized from Mako by baba
Israel's Attorney General approved a plan by the Finance Minister to lower fuel prices by half a shekel within 48 hours, citing urgent need to ease cost of living pressures despite the election period.
The story in 5 lines · by baba
- Fuel prices in Israel will decrease by half a shekel.
- The reduction is set to take effect within 48 hours.
- The Attorney General approved the measure during the election period.
- The Finance Minister seeks to expedite the process.
- The move aims to alleviate the high cost of living.
Israel's Attorney General Gali Baharav-Miara has approved a decision by Finance Minister Bezalel Smotrich to reduce fuel prices by half a shekel within approximately 48 hours. The approval comes despite the ongoing election period, during which the powers of the outgoing government are typically limited.
Smotrich plans to request a shortening of public comment procedures to expedite the implementation of the price reduction. The Ministry of Finance justified the move by citing the urgent necessity to alleviate the burden of the high cost of living, particularly due to a surge in fuel prices to record levels.
The reduction will apply only to gasoline, a price-controlled product, and not to diesel. This distinction is intended to ensure the subsidy benefits consumers directly rather than being absorbed by distributors' profits.
The measure will be funded from a budgetary surplus resulting from the partial realization of a previous step to increase the tax exemption on personal imports, according to the Finance Ministry's request under the Basic Law: Budget Foundations.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Left 1Centre 5Right 3Haredi 2Arab 5Other 6
