AG gives Smotrich go-ahead to slash fuel tax, leading to lower prices at pump

Israel's Attorney General has granted Finance Minister Bezalel Smotrich approval to slash the country's fuel tax, a move that will result in lower prices at the pump. Once Smotrich officially signs off on the measure, the price per liter is set to fall to NIS 7.75.

The decision follows prior speculation that the tax reduction might be blocked due to concerns regarding electioneering. The approved reduction directly impacts consumers by lowering the cost of fuel across the board.