Prime Minister Binyamin Netanyahu on Sunday said that he had lowered fuel taxes to ease the financial burden on Israelis amid rising world oil prices, but warned that the government must maintain tax revenues in order to pay for social benefits and defense improvements, such as additional Iron Dome rocket-defense batteries.
Speaking at the opening of the weekly cabinet meeting, Netanyahu addressed his intervention to reduce the size of a gas increase which went into effect on Saturday at midnight from 20 agurot to 5 agurot.
"We lowered the fuel tax for the fourth time in a year, totaling altogether more than 80 agurot. All told, taxes in Israel are lower than most countries in Europe," Netanyahu stated.
He added: "We don not control world fuel prices, but we can try, in a measured and responsible way to ease the citizens' troubles."
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