Charedi supermarket chain Osher Ad won a tender from the Finance Ministry to sell the majority of 550 tons of olive oil to consumers at a significantly discounted price. The Finance Ministry said that they hope the deal will bring down prices throughout the country.
The 750 ml bottles will be sold for 16.90 NIS in Osher Ad’s 17 stores. Osher Ad will be selling 80 percent of all 550 tons of the oil to its customers. However, Osher Ad doesn’t have store locations across the country, something that will cause many residents to miss out on the heavily discounted prices.
The Finance Ministry held a bid that allowed stores to win a tender wherein they would receive the olive oil without paying taxes on it, in order to allow consumers to purchase the highly used product for very low prices. The competing stores had to agree to the final sale price of the product ahead of time.