Fuel Prices to Drop This Weekend Amidst Uncertainty
Translated & summarized from Hamal by baba
The maximum price for a liter of 95-octane self-service gasoline in Israel will drop to NIS 7.35 this Saturday night, defying predictions of a price increase. This reduction might be temporary, as it depends on the renewal of a customs duty order by November 5th. The Ministry of Energy has warned that prices could rise again if the order is not extended.
The story in 4 lines · by baba
- Gasoline prices will decrease to NIS 7.35 per liter this Saturday night.
- The price drop contradicts earlier predictions of a sharp increase.
- The reduction may be temporary if a customs duty order is not extended.
- The relevant customs duty order expires on November 5th.
Contrary to expectations of a significant price hike, the maximum price for a liter of 95-octane self-service gasoline in Israel will decrease this Saturday night to NIS 7.35. This reduction comes as a surprise to many who had anticipated a rise in fuel costs. However, the Ministry of Energy has cautioned that this price drop may be temporary. The decrease is contingent on the extension of a customs duty order, which is set to expire on November 5th. If the order is not renewed, fuel prices could potentially increase again after this date.
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