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Ongoing Story· Day 29

Israel to Cut Fuel Tax by NIS 0.50 Next Week

24 developments

Fuel Prices to Drop by 50 Agorot Amid Record Highs

Translated & summarized from 0404 by baba

RightNeutral tone

Hebrew · Sole source

Originalהקלה לנהגים: מחיר הדלק ירד בשבוע הבא ב-50 אגורות ויעמוד על 7.77 שקלים

The story in 5 lines · by baba

  • Fuel prices to decrease by 50 agorot per liter next week.
  • New price will be 7.77 shekels per liter.
  • Reduction follows recent record high of 8.27 shekels per liter.
  • Discount is for one month and expires after elections.
  • Previous excise tax reduction also in effect.
Fuel Prices to Drop by 50 Agorot Amid Record Highs
Editorial illustration generated by baba News — not a photograph of the event.

Despite a recent surge in fuel prices to an all-time high of 8.27 shekels per liter, a decision has been finalized to reduce the cost by 50 agorot per liter for the upcoming month. This reduction follows approval from the Attorney General regarding the Finance Ministry's position that there are no objections to implementing the plan. The new price, set to take effect early next week, will bring the cost down to 7.77 shekels per liter. This measure is in addition to a previous reduction in excise tax implemented last month. The discount is slated to expire shortly after the upcoming elections, leaving drivers hopeful for further price decreases in the future.

Read the original at 0404
0404Right · Jerusalem

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