Israel Approves Significant Fuel Price Reduction Next Week
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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