Israel Gas Prices Poised to Exceed 8 Shekels Per Liter in October
Translated & summarized from NEWSru Israel by baba
Gasoline prices in Israel are projected to exceed 8 shekels per liter in early October due to rising global fuel costs and reduced refining capacity. The final price will be set by month's end.
The story in 4 lines · by baba
- Israeli gasoline prices may exceed 8 shekels per liter in October.
- A 40 agorot increase is currently forecast.
- Global conflicts and reduced refining capacity drive prices up.
- The final price will be confirmed at the end of September.
Gasoline prices in Israel are expected to surpass 8 shekels per liter for 95-octane fuel at the start of October, barring last-minute changes. Current forecasts indicate a potential increase of 40 agorot, with the final price to be determined by the end of the month. This anticipated rise is attributed to escalating global fuel costs, influenced by the ongoing conflict between Russia and Ukraine, as well as regional tensions in the Middle East. Additionally, shrinking global oil refining capacity is contributing to rising refining margins for gasoline.
The sustained increase in fuel prices reflects a combination of geopolitical instability and market dynamics affecting global energy supplies and refining operations.
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