Fuel Prices in Israel Hit Record High
Translated & summarized from Kikar HaShabbat by baba
Gasoline prices in Israel will reach a record high of 8.25 shekels per liter starting Tuesday due to global oil prices and a stronger dollar. This price matches the previous record from September 2012.
The story in 4 lines · by baba
- Fuel prices in Israel will reach a record 8.25 shekels per liter.
- The price increase takes effect overnight Monday to Tuesday.
- This matches the previous record set in September 2012.
- Global oil prices and a stronger dollar are cited as reasons.
The price of gasoline in Israel is set to rise by 16 agorot per liter overnight between Monday and Tuesday, reaching a new historic high of 8.25 shekels per liter. This price matches the previous record set in September 2012.
The increase is attributed to global oil market fluctuations and the strengthening dollar against the shekel. The Ministry of Energy stated that the price is calculated based on the "average price of gasoline in European ports during the preceding week, plus shipping and insurance costs."
This record fuel price is expected to impact consumers and businesses, potentially leading to increased transportation costs and higher prices for goods and services. The government has stated it is monitoring the situation and considering measures to mitigate the economic impact.
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