Gasoline Prices in Israel Surge to 8.27 Shekels Per Liter
Translated & summarized from Arab48 by baba
Gasoline prices in Israel will rise to 8.27 shekels per liter starting October 1st, despite a tax reduction aimed at curbing costs. The increase brings prices back above a 14-year high seen earlier in September.
The story in 4 lines · by baba
- Gasoline prices to increase by 52 agorot to 8.27 shekels per liter.
- The price hike occurs despite an ongoing fuel excise tax reduction.
- This brings prices back above a 14-year high from early September.
- The tax reduction was a temporary measure until the end of October.
Gasoline prices in Israel are set to increase by 52 agorot per liter starting at midnight between Wednesday and Thursday, October 1st. The maximum price for a liter of 95-octane gasoline at self-service stations will reach 8.27 shekels, up from the current 7.75 shekels. This represents a price hike of approximately 6.7%. The additional charge for full-service fueling will remain unchanged at 26 agorot per liter.
This price increase occurs despite the ongoing fuel excise tax reduction implemented by Finance Minister Bezalel Smotrich, which was intended to curb rising fuel costs. Earlier in September, gasoline prices had reached 8.25 shekels per liter, the highest in 14 years. Following this, on September 7th, the excise tax was reduced, leading to a 50-agorot decrease in the price to 7.75 shekels per liter.
The excise tax reduction was initially approved as a temporary measure until the end of October. However, recent global energy price surges have pushed the price of gasoline back above the September peak, by two agorot per liter.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 6Right 5Haredi 1Arab 4Other 3
