Israel National NewsEconomy
Israel to Cut Gas Excise Tax, Lowering Prices by Half a Shekel
Summarized from Israel National News by baba
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Israel's Finance Minister Bezalel Smotrich has ordered a NIS 0.50 cut to the fuel excise tax, lowering the price of 95-octane gasoline to NIS 7.75 per liter starting Monday. This follows a recent record high price due to global market changes and tax adjustments.
The story in 5 lines · by baba
- Gasoline prices in Israel will drop by NIS 0.50 per liter starting Monday.
- The price reduction is due to a cut in the fuel excise tax ordered by the Finance Minister.
- The new price for 95-octane gasoline will be NIS 7.75 per liter.
- The cut follows a recent record high price of NIS 8.25 per liter.
- Critics have called the move 'election economics'.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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