Israel's legal advisor approved a reduction in the excise tax on fuel, according to The Zioneer. The cut lowers the price by 50 agorot per liter, exceeding the 32 agorot reduction expected earlier this evening.
The Attorney General (היועמ״שית) has approved a reduction in the excise tax on fuel, effective immediately, The Zioneer reports. The cut lowers the price of a liter of gasoline by 50 agorot—50% larger than the 32 agorot reduction anticipated earlier this evening, as The Zioneer reported at 20:22. The exact implementation date was not specified, but the cut is expected to be reflected at the pump starting tomorrow at the latest.
The approval caps a day of rapid progress on the fuel tax cut, which Finance Minister Bezalel Smotrich set in motion on Sunday afternoon. At 16:18 Jerusalem on Sunday, The Zioneer first reported that Smotrich was expected to sign an order cutting the excise tax amid an expected price surge due to the naval blockade on Iran. Within hours, the Finance Ministry confirmed that Smotrich had ordered professional discussions, followed by his office confirming the minister was advancing the reduction. Internal opposition was reported by Ynet, but by later Sunday the Finance Ministry's legal adviser recommended approving the move despite the election period. Earlier Wednesday, the government's legal advisor was expected to approve a 32 agorot cut; the final approval came in at 50 agorot.
As The Zioneer reported on Sunday, Smotrich cited the global energy crisis and tensions with Iran as the drivers of expected price increases. The cut aims to prevent sharp price rises for Israeli consumers.
The exact timing of the implementation remains unconfirmed in the official announcement, but the reduction is expected to appear at fuel stations by Thursday at the latest.
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