Fuel Prices to Drop by Half a Shekel Before Elections
Translated & summarized from TheMarker by baba
The price of gasoline in Israel will decrease by half a shekel per liter starting tonight, bringing the cost to NIS 6.45. This reduction is attributed to falling global oil prices and occurs shortly before the upcoming general elections.
The story in 4 lines · by baba
- Fuel prices to decrease by 50 agorot per liter.
- New price takes effect before the November 1st elections.
- Cost of 95-octane gasoline will be NIS 6.45 per liter.
- Reduction due to lower global oil prices.
The price of gasoline in Israel is set to decrease by 50 agorot (half a shekel) starting from midnight tonight, a move that will take effect just before the upcoming general elections. This reduction will bring the price of 95-octane gasoline down to NIS 6.45 per liter at the pump.
The Ministry of Energy announced the decision, attributing it to a decrease in global oil prices. This is the second price reduction in a month, following a drop of 19 agorot in early October.
This latest price cut is expected to be welcomed by consumers, particularly as it comes just weeks before Israelis head to the polls on November 1st. The government has not yet announced any further plans regarding fuel price adjustments after this reduction.
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