Israeli Gas Prices Hit Record High Over $10 Per Gallon
Summarized from The Jerusalem Post by baba
The story in 5 lines · by baba
- Israeli gas prices have reached a record high of over $10 per gallon.
- The price hike is driven by global oil costs and a stronger dollar.
- The new record price is NIS 8.27 per liter, or $10.17 per gallon.
- The increase occurred despite a temporary excise tax reduction.
- Further price hikes are possible if the tax reduction is not extended.
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