The maximum price of government-controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday at midnight, November 1, by NIS 0.04 per liter to NIS 7.12 per litre.
The Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday at midnight, November 1, by NIS 0.04 per liter to NIS 7.12 per liter. The service fee of NIS 0.22 per liter at the pumps will remain unchanged.
The price of gasoline in Israel is affected by fluctuations in the trade prices of oil barrels in the Mediterranean basin and the shekel exchange rate against the dollar. The price of gasoline in Israel rises after three consecutive months in which gasoline prices decreased. However, in the first half of the year there was a sharp increase in gasoline prices, with the price of government-controlled 95 octane gasoline at self-service pumps reaching NIS 7.90, just NIS 0.35 below the all-time record (NIS 8.25). per litre) in 2012.
From the beginning of 2024 until November 1, the maximum price of government-set 95 octane gasoline at self-service pumps would have risen by NIS 0.26 from NIS 6.94 at the end of 2023.
Published by Globes, Israel Business News – en.globes.co.il – on October 30, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
Gas Station Credit: Tali Bogdanovsky