Israel to Cut Gasoline Prices by 50 Agorot Per Liter
Translated & summarized from Panet by baba
Israel's Ministry of Finance will lower gasoline prices by 50 agorot per liter starting August 7, 2026, to 7.75 shekels, following approval from the government's legal advisor.
The story in 5 lines · by baba
- Gasoline prices in Israel will drop by 50 agorot per liter.
- The new price for 95-octane gasoline will be 7.75 shekels per liter.
- The price reduction takes effect on Monday, August 7, 2026.
- The cut is due to a temporary reduction in the fuel "blue" tax.
- Finance Minister Smotrich requested the price decrease.
The Israeli Ministry of Finance announced on Thursday a reduction in gasoline prices, effective midnight on Monday, August 7, 2026. The price of a liter of unleaded 95-octane gasoline will decrease by 50 agorot, bringing the new price to 7.75 shekels.
This decision follows approval from the government's legal advisor, Gali Baharav-Miara, who on Wednesday evening consented to Finance Minister Bezalel Smotrich's request to lower fuel costs. The reduction will be achieved through a temporary decrease in the "blue" tax levied on fuel prices.
Consequently, the price at the pump will drop from the current 8.25 shekels per liter to 7.75 shekels. Economic expert and financial advisor Nabil Tawri discussed these developments on Channel Hal.
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