The Jerusalem PostEconomy
Israel to Hike Fuel Subsidies to Offset Gas Price Surge
Summarized from The Jerusalem Post by baba
Center-rightNeutral tone
OriginalSmotrich to again increase state fuel subsidies to counter rise in gas prices
The story in 5 lines · by baba
- Finance Minister Smotrich will increase fuel subsidies to prevent a gas price hike.
- The planned increase would have raised gas prices to a record NIS 8.27 per liter.
- Global fuel costs have risen about 13% due to supply chain issues.
- Treasury officials previously called similar subsidy moves unwise.
- The Finance Ministry has used tax provisions to manage fuel prices since April 2022.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
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