Finance Ministry allows gasoline price reduction
3 sources · updated 2 days ago
Summary
AI summary · how this is made
What happened
- Gasoline prices in Israel hit a record high of 8.27 shekels per liter Thursday after international prices rose and the dollar strengthened.
jpost.com
- Finance Minister Bezalel Smotrich proposed reducing the excise tax by 50 agorot per liter for one month, bringing the price to approximately 7.77 shekels.
Israel Hayom
- The Finance Ministry's legal advisers determined there is no legal barrier to the reduction, but approval from the government's attorney-general was required.
Arutz Sheva
- The attorney-general approved the reduction, and the new price was set to take effect on Sunday.
Why it matters
This is the second excise-tax cut in a short period, raising legal sensitivity around election-year fiscal measures designed to ease prices.jpost.com
Who is covering this
By political lean
- Right 3
By coverage of Israel
- Staunchly pro-Israel 2
- Supportive 1
By press
- Israeli press 3
Counted by us from each outlet's rating, not written by AI. Some ratings are provisional until an editor confirms them. How sources are rated
More coverage
- Awaiting government legal advisor approval: decision that will set fuel prices for coming month
- Finance Ministry legal counsel: no bar to Smotrich reducing gasoline price by additional 50 agorot
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