Fuel Prices to Drop by Half a Shekel Following Tax Cut Approval

Drivers in Israel will soon see a reduction in fuel prices, as Finance Minister Bezalel Smotrich's directive to lower the excise tax has been approved by Attorney General Gali Baharav-Miara. The excise tax will be cut by 50 agorot (half a shekel), directly translating to a 50 agorot decrease in the price per liter of fuel. This measure comes in response to historically high fuel prices and was approved despite the ongoing election period, a detail noted by the Attorney General.

The decision aims to provide immediate relief to consumers facing elevated costs at the pump. The reduction is expected to take effect in the coming days, offering a tangible benefit to the public shortly after the announcement. The approval by the Attorney General signifies her assessment that the move is legally permissible, even within the sensitive timeframe of an election campaign.