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Smutrich plans fuel tax cut in Israel
Israeli Finance Minister Bezalel Smotrich announced the government's intention to reduce fuel taxes to prevent a spike in gasoline prices, which are expected to reach a record high in Israel — the highest since 2012. The price of 95-octane gasoline will become 8.25 shekels per liter, following an increase of 16 agorot. This move comes amid a deterioration in the global energy market and tensions with Iran, aiming to lower fueling costs for consumers. Smotrich is expected to sign the reduction decision within the coming days for quick implementation, following a significant rise in fuel costs.
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