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Ongoing Story· Day 29

Israel to Cut Fuel Tax by NIS 0.50 Next Week

22 developments

YnetnewsEconomy

Israel Considers New Fuel Tax Cut as Prices Reach Record High

By Calcalist, Gad Lior

Summarized from Ynetnews by baba

CenterNeutral tone

English · Sole source

OriginalIsrael weighs new fuel discount as gas hits yet another record

The story in 5 lines · by baba

  • Israel's gasoline prices reached a new record high of 8.27 shekels per liter.
  • Finance Minister Smotrich proposes an additional 50-agorot per liter tax cut.
  • The proposed cut faces opposition from professional government officials.
  • Rising international oil prices are a primary driver of the price surge.
  • The new discount is expected to cost the state 150 million shekels.

Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report at the source below.

Read the original at Ynetnews
YnetnewsCentre · Rishon LeZion

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EconomyTopic

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Mentioned

Bezalel SmotrichFinance MinistryIsraelEilat
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