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Full coverage· Economy· Updated

Israel to See Record Fuel Prices Tonight; Finance Minister Intervenes

Fuel prices in Israel will hit a record high of 8.27 shekels per liter tonight. Finance Minister Bezalel Smotrich has decided to further reduce excise taxes to prevent prices from exceeding 9 shekels, despite professional opposition and a significant revenue loss for the state.

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Israel to See Record Fuel Prices Tonight; Finance Minister Intervenes
Illustration by baba

What happened

  1. 01Israeli gasoline prices will reach a record high of 8.27 shekels per liter tonight.
  2. 02Finance Minister Smotrich will reduce excise taxes to curb the price increase.
  3. 03The price hike is driven by global fuel costs and a weaker shekel.
  4. 04The tax reduction is expected to cost the state 150 million shekels.
  5. 05The move aims to prevent public backlash before the upcoming elections.
Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

10 newsrooms on this story

Who covered it

  • LeftNone
  • Centre2
  • Right4
  • Haredi1
  • Arab1
  • Other2

How it broke

See which of the 10 newsrooms broke it, and who waited