Fuel Prices Hit Record High in Israel
Translated & summarized from Ynet by baba
Gasoline prices in Israel have reached a record high of 8.25 shekels per liter, matching a 14-year-old record. The increase is driven by global fuel costs and tax adjustments.
The story in 5 lines · by baba
- Gasoline prices in Israel hit a record 8.25 shekels per liter.
- This price matches a record set 14 years ago.
- The price increased by 16 agorot from the previous month.
- Full-service surcharge also increased by one agora.
- Global fuel prices and tax adjustments are cited as reasons.
The price of a liter of 95-octane gasoline in Israel will reach an all-time high of 8.25 shekels starting at midnight on Tuesday. This price matches the previous record set exactly 14 years ago. The new price represents an increase of 16 agorot compared to the August price of 8.09 shekels.
Additionally, the surcharge for full-service fueling will rise by one agora to 26 agorot per liter, including VAT. These price hikes are attributed to a 6% increase in global gasoline prices and an adjustment to the fuel excise tax component by the Tax Authority.
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