Israel Gas Prices Poised to Exceed 8 Shekels Per Liter in September
The price of 95-octane gasoline in Israel is expected to surpass 8 shekels per liter at the beginning of September, barring last-minute changes. Current forecasts indicate an increase of 40 agorot, though the final price will be determined by the end of the month. This anticipated rise follows a trend of increasing fuel costs in Israel, attributed to escalating global oil prices. The ongoing conflict between Russia and Ukraine, along with regional tensions in the Middle East, are cited as primary drivers for the global price surge. Additionally, a shrinking global capacity for oil refining is contributing to a growing margin on gasoline processing, further impacting domestic prices.
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