Israel Fuel Prices Set for Significant Jump Next Week
Translated & summarized from Cursorinfo by baba
Fuel prices in Israel are anticipated to increase by approximately 40 agorot per liter next week, driven by rising global oil prices linked to tensions with Iran. This follows recent fluctuations, including a decrease earlier this month and a subsequent rise.
The story in 4 lines · by baba
- Israeli fuel prices may jump 40 agorot per liter next week.
- Rising global oil prices due to Iran tensions are a key factor.
- This follows recent price decreases and subsequent increases.
- The final price will be confirmed later this month.
Fuel prices in Israel are expected to rise significantly starting next week, potentially by around 40 agorot per liter. This anticipated increase follows a period of considerable volatility in fuel costs over the past year, with prices fluctuating sharply. The current surge is attributed, in part, to escalating tensions with Iran, which have contributed to a rise in global oil prices.
The final price will be determined closer to the end of the current month, making this a preliminary estimate. This potential hike contrasts with a recent decrease in fuel prices earlier in the month, which followed adjustments to excise taxes on gasoline. At that time, the maximum price for a liter of 95-octane unleaded gasoline, including VAT and for self-service, was set at 7.75 shekels, a reduction of 50 agorot per liter.
However, fuel costs saw a sharp increase at the beginning of this month. The Fuel and Gas Authority at the Ministry of Energy and Infrastructure announced new regulated prices, setting the maximum for self-service 95-octane gasoline at 8.25 shekels per liter, an increase of 16 agorot. The surcharge for full service remained at 26 agorot per liter, with a slight 1 agorot increase for the service fee itself compared to the prior revision.
