Fuel Prices to Drop Slightly Then Rise Significantly Next Week

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Israeli fuel prices will decrease by 42 agorot per liter starting November 1st, setting the maximum price at NIS 7.35. However, a temporary discount decree expires on November 5th, which is expected to cause a significant price increase to NIS 8.35 per liter. The Minister of Finance can choose to renew the discount.

הידיעה ב-5 שורות · תקציר של baba

Fuel prices will drop by 42 agorot per liter starting November 1st.
The maximum price for 95-octane gasoline will be NIS 7.35 per liter.
A temporary discount decree expires on November 5th.
Fuel prices are expected to rise to NIS 8.35 per liter after the decree expires.
The Minister of Finance can renew the discount to maintain lower prices.

Fuel prices in Israel are set to decrease by 42 agorot per liter starting Sunday, November 1st. The maximum price for a liter of 95-octane gasoline at self-service stations will be NIS 7.35, including VAT. The surcharge for full service at gas stations will remain unchanged at 26 agorot per liter.

However, this reduction is temporary. A decree signed by the Minister of Finance, Bezalel Smotrich, which lowered fuel prices by half a shekel, is set to expire on Thursday, November 5th. Following its expiration, the price of gasoline is expected to jump significantly, reaching NIS 8.35 per liter.

Minister Smotrich has the option to renew the discount order, which would maintain the lower prices. It remains uncertain whether he will exercise this option.