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WallaEconomy

Israel Cuts Fuel Tax, Slashing Pump Prices by Half a Shekel

Translated & summarized from Walla by baba

CenterNeutral tone

Hebrew · 28 newsrooms covering

Israeli Finance Minister Bezalel Smotrich signed an order reducing the fuel excise tax, lowering gasoline prices by approximately half a shekel to NIS 7.75 per liter starting Monday. The decision aims to ease consumer costs.

The story in 5 lines · by baba

  • Fuel excise tax cut lowers gasoline price by half a shekel.
  • New price for gasoline is NIS 7.75 per liter.
  • Reduction takes effect at midnight Sunday.
  • Finance Minister Bezalel Smotrich signed the order.
  • An unrelated political alliance was also announced.
Israel Cuts Fuel Tax, Slashing Pump Prices by Half a Shekel
Editorial illustration generated by baba News, not a photograph of the event.

Israeli Finance Minister Bezalel Smotrich signed an order reducing the excise tax on fuel, effective midnight Sunday. The move will lower the price of gasoline by approximately half a shekel, from NIS 8.25 to NIS 7.75 per liter.

The decision was announced by Smotrich, who also chairs the Religious Zionism party. The reduction aims to ease the burden on consumers facing rising costs. The article also mentions a separate political development, noting an announcement regarding an alliance between the Religious Zionism party and the Zehut party ahead of upcoming elections, though this is distinct from the fuel tax decision.

WallaCentre · Tel Aviv

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Mentioned

Full coverage · 31 outlets
First: N12 · Sep 6

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