Treasury approves another gasoline excise cut
Minister of Finance Bezalel Smotrich plans to cut the maximum price of government price controlled 95 octane gasoline at self-service pumps by NIS 0.50 per liter
Assessment
The Treasury's decision to cut the gasoline excise by NIS 0.50 per liter directly targets the price-controlled 95 octane fuel at self-service pumps. This move aims to ease consumer costs, but it also reduces state revenue at a time when fiscal pressures are mounting. Watch whether the cut extends beyond the current period or remains a temporary measure tied to political and economic conditions.