The Times of IsraelEconomy
Israel Cuts Fuel Tax to Lower Pump Prices After Record High
Summarized from The Times of Israel by baba
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OriginalGovernment trims price at pump days after it reached record high
The story in 6 lines · by baba
- Israel's fuel price will drop by NIS 0.50 to NIS 7.77 per liter.
- The reduction follows a record high price of NIS 8.27 per liter.
- The Finance Ministry cut the fuel excise tax to achieve the lower price.
- The new price will be in effect for one month.
- Officials warned of a NIS 150 million revenue loss for the state.
- This is the second fuel tax cut in recent months.
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