Energy Ministry Raises Fuel Prices by Over 60 Agorot, Practical Tips Offered to Save Money

On Thursday, Israel's Ministry of Energy announced a sharp increase in fuel prices, with gasoline rising by more than 60 agorot per liter, pushing the price of self-service gasoline to 8.09 shekels per liter. This announcement typically triggers a rush to gas stations as Israelis try to fill up before prices climb further. Following such hikes, various advice and sales pitches emerge, ranging from driving tips to aggressive marketing by car importers.

The article warns against falling for common fuel-saving gadgets advertised online, such as magnetic devices or chemical additives claiming to alter fuel composition. Experts clarify that these claims are false, as changing the molecular structure of gasoline without massive investment is impossible. Similarly, car importers often launch campaigns promoting electric vehicles immediately after fuel price hikes, attempting to offload older or less popular models. However, the article notes that in Israel, unlike Europe, electric car sales do not surge due to high prices, partly because of high depreciation rates and less attractive models.

Practical advice includes using built-in car features like ECO driving modes and stop-start engine systems to reduce fuel consumption. The article emphasizes that while the price increase is significant, the actual monthly cost impact for an average family car with a 50-liter tank and three fill-ups per month is under 100 shekels. Drivers are encouraged to adopt smoother acceleration and moderate speeds, especially on long trips, rather than drastic measures like turning off air conditioning.

For those with company cars, the article suggests shifting more driving to those vehicles to save personal fuel expenses. It also advises caution against panic buying or rushing to replace vehicles, noting that fuel prices tend to fluctuate and may decrease again. Ultimately, the article promotes measured responses and practical savings over costly or ineffective solutions.