Blow to Drivers in Israel: Fuel Prices Jump Again - How Much Will You Pay From Today?

In depth

Finance Minister Bezalel Smotrich signed an order reducing the excise tax on gasoline by 50 agorot per liter. According to a Finance Ministry announcement reported by Kan News, the order was meant to reduce the expected price increase without intervention, and it is valid for 26 days.

According to TheMarker, since the orders began being signed the Treasury has lost about 700 million shekels. According to Calcalist, the order extends the excise tax reduction by a month, and the current order will expire on December 5.