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The Economic Times
The Economic Times
National

Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices

United States Israel Bezalel Smotrich Iran Finance Middle East Oil Petrol

Jerusalem: Israeli Finance Minister Bezalel Smotrich on ​Sunday signed an order ​to cut the country's fuel excise tax for the ​next two months, citing a spike in gasoline costs due to the U.S. conflict with Iran.

* Israel's Energy Ministry sets gasoline prices at ‌the start of ⁠each month.

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