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 (cents). 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 record price underscores the ongoing volatility in global energy markets and its impact on the Israeli economy.
This development is particularly significant as it marks a new peak in fuel costs for Israelis, potentially impacting household budgets and transportation expenses across the country. Further details regarding the factors contributing to this increase are expected.
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