Israel Gas Prices Poised to Exceed 8 Shekels Per Liter in October
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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