Full coverage· Economy· Updated
Fuel Prices in Israel Expected to Drop Slightly in September, Not Significantly
Fuel prices in Israel are expected to fall slightly in early September, but not as much as previously hoped, remaining near 8 shekels per liter due to rising refining costs despite a stronger shekel and lower oil prices.
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What happened
- 01Fuel prices in Israel expected to drop slightly in early September, not significantly.
- 02Initial forecast of 25 agorot cut now revised to prices near 8 shekels per liter.
- 03Stronger shekel and lower oil prices push prices down.
- 04Rising refining margins offset much of the potential price decrease.
- 05Mizrahi Tefahot forecasts cautious price near 8 shekels including VAT.
- 06Smaller price cut still expected to ease inflation pressures in September.
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