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