Israel Fuel Prices Surge to 7.85 Shekels Per Liter
Translated & summarized from NEWSru Israel by baba
Gasoline prices in Israel increased significantly on November 5, with a liter of 95-octane self-service fuel now costing 7.85 shekels. The price hike is due to a reduced tax break on gasoline. The new rates will be in effect until the end of November. In Eilat, the price rose to 6.65 shekels per liter.
The story in 6 lines · by baba
- Gasoline prices in Israel rose to 7.85 shekels per liter for 95-octane self-service fuel.
- The price increase took effect on Thursday, November 5.
- The cost of full-service refueling now reaches 8.11 shekels per liter.
- In Eilat, the self-service price increased to 6.65 shekels per liter.
- The price hike is a result of a reduced temporary tax break on gasoline.
- The new prices are valid until the end of November.
As of Thursday, November 5, new gasoline prices have taken effect in Israel, with the cost of a liter of 95-octane gasoline at self-service stations increasing by 50 agorot, from 7.35 to 7.85 shekels. The Ministry of Energy and Infrastructure stated that the surcharge for full-service refueling remains unchanged at 26 agorot per liter, bringing the total cost to 8.11 shekels. In Eilat, where fuel is exempt from VAT, the maximum price for self-service 95-octane gasoline rose by 42 agorot to 6.65 shekels per liter. This price hike is attributed to a reduction in the temporary tax break on gasoline from one shekel to 50 agorot per liter. The new pricing is set to remain in effect until the end of November. Without the extension of the tax concession, the price of gasoline would have reached 8.35 shekels per liter.
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