1 of 1
Story summary
- Finance Minister Bezalel Smotrich ordered a cut to fuel taxes to halt a pending gas price rise.
- He directed Treasury staff to deepen subsidies and cancel a planned 52-agorot-per-liter increase.
- The increase would have pushed the price to NIS 8.27 per liter, an all-time high at midnight Wed-Thu.
- On September 6, Smotrich signed an order reducing the price by 50 agorot, financing the deficit with another tax cut.