Following the Russian invasion of Ukraine and the rise in global oil prices, the maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise NIS 0.34 to NIS 7.05 per liter on March 1.
Following the sharp rise in the price of oil on global markets, due to the Russian invasion of Ukraine, the maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise sharply on Monday night at midnight March 1, 2022 by NIS 0.34 to NIS 7.05 per liter, the Ministry of National Infrastructures, Energy and Water Resources has announced. The charge for receiving full-service at pumps from gas station attendants will remain NIS 0.21.
This is the highest price of gasoline in Israel since 2014. Gasoline prices also rose NIS 0.34 last month due to the Russia-Ukraine tensions and the return of most western economies to near full operations as the Covid pandemic wanes. The price of a barrel of Brent crude oil rose above $100 a barrel last week, although it has since fallen back to $97.93.
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Eilat where there is no VAT will rise by NIS 0.29 to NIS 6.03 on Monday night. The charge for receiving full-service at pumps from gas station attendants in Eilat will remain NIS 0.18.
Published by Globes, Israel business news - en.globes.co.il - on February 27, 2022.
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Delek Photo: Einat Lavron