Israel Approves 50 Agorot Per Liter Fuel Price Cut
Translated & summarized from Calcalist by baba
The story in 4 lines · by baba
- Fuel prices in Israel to be reduced by 50 agorot per liter.
- Reduction is for one month and requires Attorney General's approval.
- This follows a similar 50 agorot cut implemented last month.
- Total monthly cost of fuel price cuts is estimated at NIS 150 million.
Israel's Ministry of Finance announced on Thursday that its legal counsel sees no impediment to the Finance Minister signing off on a reduction in gasoline prices for the upcoming month. The decision now awaits the opinion of the Attorney General. If approved, Finance Minister Bezalel Smotrich intends to sign an order reducing the price of gasoline by 50 agorot per liter for one month, pending public review of the proposed order.
This planned reduction will be in addition to a similar 50 agorot per liter cut that Smotrich approved the previous month. The total cost of these monthly fuel price reductions is estimated at NIS 150 million.
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