The price of self-service 95 octane gasoline could again top NIS 8 per liter.
The price of self-service 95 octane gasoline is set to rise by at least NIS 0.15 per liter at midnight next Thursday, sending the price back over NIS 8 per liter.
The price of gasoline is based on the average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin, which are then converted from dollars into shekels. The strengthening of the shekel against the dollar may ease the pending gasoline price hike.
The government raised the price of gasoline by NIS 0.31 per liter on February 1, to NIS 7.83 per liter, reversing several months of decline. The price of gasoline peaked at NIS 8.25 per liter in September 2012.
Published by Globes [online], Israel business news - www.globes-online.com - on February 21, 2013
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