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Source:
شبكة فلسطين الإخبارية
Smotrich announces fuel tax cut
Israel has announced a temporary reduction in the price of 95-octane gasoline to 7.75 shekels per liter, following the signature of Finance Minister Bezalel Smotrich on a decision to cut fuel taxes by half a shekel for two months. This move aims to alleviate the rising prices, which have reached their highest point in over a decade, with the per-liter price climbing to 8.25 shekels in early September due to global increases and additional costs. This measure comes after the gasoline price increased by approximately 16 agorot within a week— the highest since 2012— and seeks to ease the burden on consumers amid rising energy costs and the ongoing conflict with Iran. Internal disagreements have arisen within the government regarding the cost, estimated at around 155 million shekels per month. Nonetheless, the decision was legally justified by the government's legal advisor given the economic emergency circumstances. Note that the approved price in Eilat is significantly lower than in other cities, and debates continue over the sustainability of these measures and their financial implications.
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