Fuel Prices to Drop, But Sharp Increase Looms
Translated & summarized from Arutz Sheva by baba
The price of 95-octane gasoline in Israel will decrease by 42 agorot to NIS 7.35 per liter starting Sunday, October 31st. This reduction is temporary and could be reversed on November 5th if a special excise tax order is not renewed. Without the renewal, the price could jump to NIS 8.35 per liter. The Ministry of Energy and Infrastructure is warning the public about this potential sharp increase.
The story in 5 lines · by baba
- Gasoline prices will drop by 42 agorot to NIS 7.35 per liter starting Sunday.
- A potential sharp price increase to NIS 8.35 per liter is possible by November 5th.
- The price change depends on the renewal of a temporary excise tax order.
- The Ministry of Energy and Infrastructure issued the price adjustment announcement.
- Full service at gas stations will still cost an additional 26 agorot per liter.
The Ministry of Energy and Infrastructure announced that the price of 95-octane gasoline will decrease by 42 agorot per liter, reaching NIS 7.35 for self-service starting Sunday, October 31st. However, this reduction is contingent on the continuation of a temporary order concerning excise tax. If this order is not updated by November 5th, the maximum price could surge to NIS 8.35 per liter, a potential increase of one shekel from the new price and 58 agorot from the current price. The price change will take effect at midnight between Saturday and Sunday. The additional charge for full service at gas stations will remain unchanged at 26 agorot per liter. The Ministry advises drivers to compare prices across different stations to find the most economical option.
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