Gasoline prices in Israel to hit two-year high

Gasoline Photo: Shutterstock
Gasoline Photo: Shutterstock

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.18 to NIS 6.31 per liter on Wednesday night, July 1.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Wednesday night at midnight July 1, 2021 by NIS 0.18 to NIS 6.31 per liter, the Ministry of Energy has announced. The charge for receiving full-service at pumps from gas station attendants will remain NIS 0.21.

As oil prices continue to rise on world markets, this will be the eighth consecutive month in which government price controlled gasoline prices have risen. The price of gasoline in Israel has risen from a low point of NIS 4.79 in May 2020, during the early stages of the Covid-19 economic crisis.

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 0.15 to NIS 5.39 on Wednesday 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 June 30, 2021

© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Gasoline Photo: Shutterstock
Gasoline Photo: Shutterstock
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