Israel Fuel Prices Set for Drop, Then Potential Surge in November
Translated & summarized from Mignews by baba
Gasoline prices in Israel will drop by 42 agorot to 7.35 shekels per liter starting November 1st. However, prices could surge by one shekel to 8.35 shekels per liter on November 4th if a tax reduction is not extended. Drivers should prepare for this potential increase in early November.
The story in 4 lines · by baba
- Israeli gasoline prices will fall by 42 agorot to 7.35 shekels per liter on November 1st.
- A potential one-shekel price increase to 8.35 shekels per liter is expected on November 4th.
- The price change depends on a government decision regarding excise tax reductions.
- Drivers are cautioned to anticipate possible higher fuel costs in early November.
The price of 95-octane gasoline in Israel is scheduled to decrease by 42 agorot per liter, bringing the cost to 7.35 shekels, effective midnight on Sunday, November 1st. However, this reduction may be short-lived, as a significant price hike is anticipated just days later. The future trajectory of fuel costs hinges on a government decision regarding excise taxes. If the current decree, which lowers the tax by one shekel, is not extended, the price of gasoline could jump to 8.35 shekels per liter starting midnight on November 4th. This potential increase would represent a one-shekel rise compared to the price after the initial reduction. Motorists are advised to budget for this possible fluctuation in fuel expenses as November begins.
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