Israel to Cut Fuel Tax by 50 Agorot Per Liter
Israel's Ministry of Finance announced on Thursday a plan to reduce the fuel tax on gasoline by 50 agorot per liter, aiming to curb rising fuel costs and ease living expenses for the public. The ministry has opened the proposal for public comment until Sunday.
The decision awaits the signature of Finance Minister Bezalel Smotrich. Following a review of public feedback, Smotrich is expected to sign the order, making the reduction effective immediately. The price cut will be reflected at the pump, with updated prices taking effect from midnight Sunday to Monday, according to the established pricing mechanism.
This government move comes amid significant fuel price volatility in recent months. In early August, the price of 95-octane gasoline rose by 61 agorot to 8.09 shekels per liter, influenced by global oil price increases and currency exchange rates.
The Israeli government had previously considered lowering the fuel tax to mitigate the impact of rising energy prices on transportation costs and the prices of goods and services across various economic sectors. The final gasoline price will continue to be influenced by monthly pricing, global oil rates, and the shekel's exchange rate.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
