Israel Cuts Gasoline Prices by 50 Agorot After Smotrich Approves Temporary Excise Relief
9 Articles
9 Articles
Israel is reducing the fuel tax for two months after the rise of gasoline to a record level, in an effort to contain the repercussions of the rise in oil prices caused by Iran's war and to ease increasing pressure on consumers.
Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices
Israel's finance minister ordered a fuel excise tax cut for two months. This action addresses the recent surge in gasoline prices across the nation. Petrol prices reached an all-time high, causing public dissatisfaction and concern. The tax reduction aims to lower the price of gasoline per litre. Global oil prices and Middle East tensions are influencing these domestic fuel costs.
Economy: On the night of Monday, 7 September, the cost of an octane-95 litre of petrol in Israel dropped by 50 agorots to 7.75 Shekels.
On Sunday evening, the Ministry of Finance announced a reduction in the price of petrol 95 by half a Shekel. The article appeared: The price of petrol 95 was first reduced by half a Shekel on Palestinian television.
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