Israel Lowers Gasoline Prices Starting Early July Amid Ongoing Decline
Translated & summarized from Now 14 by baba
Israel's Ministry of Energy announced a new fuel price reduction effective early July, lowering the maximum price for 95-octane gasoline to 7.48 shekels per liter, continuing recent declines after months of high prices.
The story in 6 lines · by baba
- Israel reduces 95-octane gasoline price to 7.48 shekels per liter starting July.
- Price drop of 32 agorot per liter at self-service stations nationwide.
- Full-service surcharge remains at 25 agorot per liter including VAT.
- Eilat's fuel price drops to 6.34 shekels per liter, excluding VAT.
- Price changes reflect global oil prices and currency exchange fluctuations.
- Fuel prices have been falling after months above 8 shekels per liter.
The Israeli Ministry of Energy announced a further reduction in fuel prices effective from midnight between Tuesday and Wednesday, marking a continuation of recent downward trends. Starting in July, the maximum price for a liter of 95-octane unleaded gasoline at self-service stations will be capped at 7.48 shekels, a decrease of 32 agorot from the previous rate. The additional charge for full-service remains unchanged at 25 agorot per liter, including VAT.
In Eilat, where fuel prices are set without VAT, the maximum price for a liter of 95-octane gasoline at self-service stations will drop by 27 agorot to 6.34 shekels. The full-service surcharge there remains steady at 21 agorot per liter, also excluding VAT. The Ministry highlighted that this price update follows several recent adjustments reflecting global oil price fluctuations and currency exchange rates, contributing to a gradual decline in consumer fuel costs after months of prices exceeding 8 shekels per liter.
