Fuel Prices Set to Hit Record High in Israel
Gasoline prices in Israel are poised to reach an all-time record high starting Friday night, with a liter of 95-octane expected to increase by 52 agorot (approximately $0.14 USD). This price hike will bring the consumer cost to NIS 8.27 per liter, surpassing the previous record of NIS 8.25.
The impending price surge occurs despite a government subsidy that was implemented in the previous month, aimed at mitigating fuel costs for consumers. The new price point marks a significant increase and is a cause for concern among the public.
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