The Times of IsraelEconomy10:06

Israel Gas Prices to Reach Record High of NIS 8.27 Per Liter

Summarized from The Times of Israel by baba

CenterNeutral tone

English · 13 newsrooms covering

Plus

Israel's gas prices will hit a record NIS 8.27 per liter in October as a fuel tax discount expires. Global market instability and a strong shekel are cited as reasons for the increase.

The story in 5 lines · by baba

Gas prices in Israel will reach a record NIS 8.27 per liter in October.
A NIS 0.50 fuel tax discount is expiring at the end of October.
Global energy market instability and rising oil prices are blamed for the increase.
The previous record price was NIS 8.25 per liter in 2012.
The Israeli shekel's strength against the dollar also contributes to the price hike.

Israel Gas Prices to Reach Record High of NIS 8.27 Per Liter — Editorial illustration generated by baba News, not a photograph of the event.

The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.

Watch · 1 clip

Clips the newsrooms posted about this story. They play from YouTube, Instagram, Telegram, TikTok and X.

YouTube plays free. 1 more with Plus.

The coverage

13 newsrooms on this story

How it broke

See which of the 13 newsrooms broke it, and who waited

Who covered it

Left1
Centre3
Right1
Haredi1
Arab2
Other5

Who reports what

What this report attributes

The rise is largely due to instability in world energy markets sending prices skyward, with oil breaking the $100 per barrel benchmark.per Energy Ministry
The shekel’s strength against the dollar is also a factor.per Energy Ministry
The price increase stems from a 13% rise in gas prices in world markets, against a backdrop of rising oil prices globally and the continued concerns of harm to oil supplies and the stability of the world energy market.per Energy Ministry

How we measure this

Open full coverage

The Times of IsraelCentre · Jerusalem