Israel Gas Prices Hit Record High of 8.27 Shekels Per Liter
Translated & summarized from NEWSru Israel by baba
The story in 5 lines · by baba
- Israel's gasoline prices reached a record 8.27 shekels per liter on October 1.
- The price increase affects 95-octane fuel at self-service stations.
- A previous excise tax cut failed to prevent the new record high.
- New subsidy measures are being prepared by the Finance Ministry.
- Global oil prices and currency exchange rates are cited as causes.
As of October 1, gasoline prices in Israel have reached a new record, with the maximum price for a liter of 95-octane fuel at self-service stations increasing by 52 agorot to 8.27 shekels. This marks the highest price ever recorded in the country. The additional charge for full-service at gas stations remains unchanged at 26 agorot per liter. In Eilat, which is exempt from VAT, the maximum price has risen to 7.01 shekels per liter.
This price surge follows a recent reduction in fuel excise tax by 50 agorot per liter, ordered by Finance Minister Bezalel Smotrich in early September. That measure was implemented when the price of 95-octane gasoline had previously climbed to 8.25 shekels, temporarily bringing the cost down to 7.75 shekels. Despite this, Smotrich instructed the Ministry of Finance on September 29 to prepare new measures for additional gasoline price subsidies to curb further increases.
These new subsidy measures have not yet been implemented, leading to the price hike to 8.27 shekels on October 1. The increase is primarily attributed to rising global oil prices and fluctuations in the shekel's exchange rate.
Read the original at NEWSru IsraelThe same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
