Current sectionIsrael NewsEconomy & FinanceThe proposed tax cut would lower the price at the pump by 0.5 shekels per liter after gasoline reached a record 8.25 shekels per liter, or ($2.73) this weekShare to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeIdan Binyaminand TheMarkerSeptember 03, 2026After hitting a record high earlier this week, gasoline prices at the pump are expected to fall after Israel's Finance Ministry published a draft order Thursday to cut the price of gasoline by 0.5 shekels per liter.Loading...Click the alert icon to follow topics:Middle East oilIsrael economyIsrael - IranBezalel SmotrichCommentsLoading...In the NewsIn the News: Live UpdatesNetanyahu October 7Settlement Sanctions Israel-U.K.EisenkotJD VanceBen-GvirGazaIsrael ElectionHaQuizHaaretz PodcastJohn Malkovich Cancels Israel Performance Over Quotes Falsely Attributed to HimTrump: Iran War Will End 'Immediately' After the U.S. Midterm ElectionDenisovan Culture Revealed in Bat Cave in ChinaU.S. Jewish Umbrella Group Condemns Import Ban on Goods From Israeli SettlementsEarliest Known Drug Use and Its Consequences Discovered in IndonesiaRemembering and rebuilding two years laterICYMINetanyahu Got an Explicit Warning Before Oct. 7. He Didn't Brief Security ChiefsThink Bibi Is Bad? Meet Sara NetanyahuIMDb Replaces the Name Israel With 'The Occupied Palestinian Territories'Netanyahu Was Warned About October 7. Will Haaretz's Exposé Change Anything?Water Crisis Triggered by Gaza's Ruin: Israel Is Paying the Price of DestructionNetanyahu Says He Will Sue Haaretz Following Oct. 7 ExposéMore Stories to Explore