Israel Approves Significant Fuel Price Reduction Next Week
Translated & summarized from Kikar HaShabbat by baba
Israel's Ministry of Finance will reduce fuel prices by half a shekel per liter starting next week, following a directive to cut excise tax. Finance Minister Bezalel Smotrich is expected to sign the order on Sunday.
The story in 4 lines · by baba
- Fuel prices in Israel to decrease significantly next week.
- Excise tax on fuel will be reduced by half a shekel per liter.
- Finance Minister Bezalel Smotrich will sign the order on Sunday.
- The new price takes effect at midnight Sunday.
Israel's Ministry of Finance has announced a significant reduction in fuel prices, set to take effect early next week. The move comes through a directive to halve the excise tax on fuel by half a shekel per liter.
Finance Minister Bezalel Smotrich is expected to formally sign the order on Sunday. The new, lower price will be implemented at midnight between Sunday and Monday.
This decision aims to provide economic relief and is anticipated to be felt by consumers at the pump shortly after the directive is enacted.
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