Israel Approves 50 Agorot Fuel Price Cut After Record Highs
Translated & summarized from Ynet by baba
The story in 5 lines · by baba
- Fuel prices in Israel reached an all-time high after a 52 agorot increase.
- Finance Minister Smotrich will approve a 50 agorot per liter price reduction.
- The reduction is planned for one month.
- The decision awaits the Attorney General's legal opinion.
- The price cut will be published for public comment.
Following a significant fuel price hike that pushed costs to an all-time high, Israel's Ministry of Finance announced that the Treasury's legal counsel has determined there are no impediments for Finance Minister Bezalel Smotrich to approve a reduction in gasoline prices for the upcoming month. The decision now awaits the opinion of the Attorney General, after which the proposed price reduction order will be published for public comment.
Smotrich intends to sign an order reducing the price of gasoline by 50 agorot per liter for a period of one month. This move comes after the price of fuel increased by 52 agorot at midnight yesterday, reaching a historic peak.
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