Israel Treasury Approves 50 Agorot Fuel Price Cut
Translated & summarized from Globes by baba
The story in 5 lines · by baba
- Treasury legal counsel sees no obstacle to fuel price cut.
- Finance Minister Smotrich plans a 50 agorot per liter reduction.
- The price cut is intended to last for one month.
- The decision awaits the Attorney General's opinion.
- The reduction will follow a similar cut last month.
Israel's Ministry of Finance announced on Thursday that its legal counsel sees no impediment to Finance Minister Bezalel Smotrich signing an order to reduce gasoline prices for the upcoming month. The decision now awaits the opinion of the Attorney General. Following that, the proposed reduction order will be published for public comment.
Minister Smotrich intends to approve a reduction of 50 agorot per liter of gasoline for one month, pending review of public feedback. This planned reduction will be in addition to a similar 50 agorot cut that the minister approved last month.
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