24 Hrs
Source:
شبكة راية الإعلامية
Netanyahu plans fuel price cut during campaign
Israeli Prime Minister Benjamin Netanyahu announced a halving of fuel prices tonight, as part of the electoral campaign. The decision to cut the production tax, signed by Finance Minister Bezalel Smotrich, will take effect at midnight tonight, reducing the price per liter of gasoline from 8.27 shekels to 7.77 shekels. Netanyahu explained that this measure is being taken despite rising global fuel prices, emphasizing the government's concern to prevent price increases in Israel—especially as the gas sector continues to develop and the electricity market is being expanded, which remains among the lowest in the West. This move was made despite opposition from the professional staff at the Ministry of Finance, as Smotrich aimed to lower fuel taxes to stimulate economic growth, following a previous reduction carried out despite resistance from professional officials. This reflects the government's efforts to ease the economic burden on consumers amid ongoing increases in oil prices and the dollar, along with the impacts of global markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)