{"id":631568,"date":"2026-09-30T00:02:08","date_gmt":"2026-09-30T00:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/631568\/"},"modified":"2026-09-30T00:02:08","modified_gmt":"2026-09-30T00:02:08","slug":"amid-rise-in-global-gas-prices-bezalel-smotrich-moves-to-reduce-israels-fuel-tax","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/631568\/","title":{"rendered":"Amid rise in global gas prices, Bezalel Smotrich moves to reduce Israel&#8217;s fuel tax"},"content":{"rendered":"<p>Finance Minister Bezalel Smotrich said in an X\/Twitter post on Tuesday that he will move to decrease fuel taxes in an attempt to prevent a <a href=\"https:\/\/www.jpost.com\/business-and-innovation\/article-910047\" rel=\"nofollow noopener\" target=\"_blank\">pending rise in the price of gas<\/a>.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">&#8220;I instructed the professionals in the Treasury today to deepen the subsidization in order to cancel the expected increase in fuel prices,&#8221; he wrote.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The move comes as the price of gas in Israel was set to increase by 52 agorot per liter at midnight between Wednesday and Thursday, bringing it to an all-time high of NIS 8.27 per liter.<\/p>\n<p>A potential increase in Israeli gas prices would join an approximately 13% rise in <a href=\"https:\/\/www.jpost.com\/business-and-innovation\/banking-and-finance\/article-909685\" rel=\"nofollow noopener\" target=\"_blank\">global fuel costs<\/a> amid continued concerns about supply-chain disruptions and the vulnerability of the global energy market.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">Smotrich met with senior Finance Ministry officials earlier on Tuesday to discuss the issue, describing the tax reduction as &#8220;appropriate at this time in order to push growth in the Israeli economy,&#8221; N12 News reported.<\/p>\n<p class=\"article-paragraph-section article-body-paragraph\">The move, approved by the prime minister&#8217;s legal advisor, was seen as unwise by the Treasury&#8217;s professional echelon, according to N12.<\/p>\n<p>The finance minister made a similar move in July 2023 to avoid a gas price increase, with the <a href=\"https:\/\/www.jpost.com\/israel-news\/article-909750\" rel=\"nofollow noopener\" target=\"_blank\">Finance Ministry<\/a> continuously applying such tax provisions since April 2022.<\/p>\n<p>Walla contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Finance Minister Bezalel Smotrich said in an X\/Twitter post on Tuesday that he will move to decrease fuel&hellip;\n","protected":false},"author":2,"featured_media":631569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1982,1980,5451,7990,85,46,43,6765,270],"class_list":["post-631568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-israel","tag-bezalel-smotrich","tag-finance-ministry","tag-fuel","tag-gas","tag-il","tag-israel","tag-news","tag-price","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/631568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=631568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/631568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/631569"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=631568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=631568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=631568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}