Gasoline price to rise 4.1% Thursday night

Self-service 95 octane gasoline will cost NIS 7.83 per liter

The price of self-service 95 octane gasoline will go up 4.1%, or NIS 0.31 per liter at midnight Thursday to NIS 7.83 per liter from NIS 7.52 per liter. Full-service 95 octane gasoline cost NIS 8.01 per liter.

The price hike is due to the 9.7% rise in the price of gasoline in CIF La Vera trade prices for fuels in the Mediterranean basin in January, while the shekel-dollar exchange rate was flat.

The price of self-service 95 octane gasoline peaked at NIS 8.25 per liter in September. The subsequent drop in prices was due to lower global oil prices and the strengthening of the shekel against the dollar.

Published by Globes [online], Israel business news - - on January 30, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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