Israel to Cut Fuel Prices by Half a Shekel Per Liter
Translated & summarized from Behadrei Haredim by baba
The story in 5 lines · by baba
- Fuel prices in Israel will decrease by 0.50 shekels per liter.
- The price reduction takes effect at midnight Sunday.
- The government is lowering the excise tax on fuel.
- The decision is a response to rising global fuel prices.
- Electricity prices are also noted as being low compared to Western nations.
Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich have agreed to reduce the price of fuel by 50 agorot (half a shekel) per liter, effective midnight Sunday. The Finance Minister signed an order to lower the excise tax on fuel, which will bring the price of a liter of gasoline down from the current 8.27 shekels to 7.77 shekels. The government stated that this decision comes in response to rising global fuel prices and aims to prevent further price increases for the public in Israel. A statement from the Prime Minister's office said, "While fuel prices are soaring worldwide, we are ensuring they do not soar in Israel." The statement also noted that electricity prices in Israel remain low compared to many Western countries, attributing this to the development of natural gas reserves and increased competition in electricity production. "Israel's economy is breaking records. We will continue to navigate it responsibly," the statement concluded.
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