Israel National NewsEconomy
Israel Fuel Prices Surge to Record High Overnight
Summarized from Israel National News by baba
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Gasoline prices in Israel will hit a record high of 8.27 shekels per liter for 95-octane fuel at midnight Wednesday. The increase is attributed to global oil prices, a stronger dollar, and the expiration of a fuel excise tax reduction.
The story in 5 lines · by baba
- 95-octane gasoline prices to reach record 8.27 shekels per liter.
- Price hike takes effect at midnight Wednesday.
- Global oil prices and stronger dollar cited as causes.
- Expiration of excise tax reduction also contributes.
- Eilat prices also see significant increase.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
