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Israel cuts gasoline tax by half shekel
Israel has decided to reduce the indirect tax on gasoline by half a shekel per liter, lowering the price per liter to approximately 7.77 shekels instead of 8.27 shekels, starting tomorrow, Monday. This comes amid rising oil prices, which have surpassed $100 per barrel due to threats of war in the Middle East and difficulties in passing ships through the Strait of Hormuz, with supplies continuing to decline.
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