Fuel Prices to Rise by Half a Shekel Per Liter Tonight
Translated & summarized from Kan News by baba
Gasoline prices in Israel will rise by NIS 0.50 to NIS 7.85 per liter starting at midnight. The Ministry of Finance announced the tax reduction order signed by Minister Bezalel Smotrich. The tax cut will last for 26 days and aims to offset the anticipated price increase.
The story in 5 lines · by baba
- Fuel prices will increase by NIS 0.50 to NIS 7.85 per liter starting at midnight.
- The Ministry of Finance announced the upcoming price adjustment.
- Minister of Finance Bezalel Smotrich signed an order to reduce the gasoline tax.
- The tax reduction of 50 agorot will be in effect for 26 days.
- The measure aims to mitigate an expected price increase.
The price of gasoline in Israel is set to increase by half a shekel, reaching NIS 7.85 per liter starting at midnight. The Ministry of Finance announced Wednesday that Minister of Finance Bezalel Smotrich signed an order to reduce the gasoline tax by 50 agorot for a period of 26 days. This measure was implemented to mitigate the expected price hike that would have occurred without government intervention.
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