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Fuel Prices in Israel Hit Record High of 8.27 Shekels Per Liter

Ongoing story · 20 updates
Translated & summarized from 0404 by baba
The story · English

The price of gasoline in Israel is set to reach an all-time nominal high starting Thursday at midnight, with the Ministry of Energy and Infrastructure announcing the maximum price for a liter of 95-octane self-service gasoline will be 8.27 shekels. This represents an increase of 52 agorot from the previous price, surpassing the prior record of 8.25 shekels per liter.

Drivers opting for full-service fueling will pay an additional 26 agorot per liter, bringing the maximum price to 8.53 shekels. The Fuel and Gas Administration attributed the surge to a roughly 13% rise in international gasoline prices, coupled with increasing oil costs and concerns over global supply disruptions.

An approximate 3% strengthening of the dollar against the shekel also contributed to the price hike. The new price already incorporates a 50-agorot per liter reduction in excise duty, which took effect in September and is scheduled to remain in place until the end of October.

Read the original at 0404
Full coverage · 21 outlets
60% centerFirst: Alarab · 20h ago

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