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Smotrich Plans One-Month Gasoline Price Cut to NIS 7.77

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Story summary
  • Finance Minister Bezalel Smotrich plans to sign a one-month, 50-agorot-per-liter gasoline price cut.
  • The cut would reduce the price from a record NIS 8.27 per liter to about NIS 7.77.
  • Finance Ministry advisers say no legal impediment exists for the minister to sign the reduction.
  • The order awaits the attorney-general’s position before public comment can be published.
  • The proposal is the second excise-tax reduction within weeks and comes amid election-period sensitivity.