Full coverage· Economy· Updated
Israel Approves Fuel Tax Cut Amid Record High Prices
Israel's Ministry of Justice approved a 0.50 shekel per liter reduction in fuel excise tax, following a request from Finance Minister Bezalel Smotrich. This decision comes as gasoline prices hit a 14-year high due to global energy issues and security tensions.
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What happened
- 01Israel approved a 0.50 shekel per liter fuel tax cut.
- 02The reduction follows a request from Finance Minister Bezalel Smotrich.
- 03Fuel prices recently reached a 14-year high of 8.25 shekels per liter.
- 04Global energy crisis and security tensions contributed to price hikes.
- 05Legal discussions addressed the timing of the tax cut during elections.
The coverage
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- Right1
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- ArabNone
- Other3
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