The maximum price of 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.30 per liter, from NIS 5.54 to NIS 5.84 on Thursday at midnight, April 1, the Ministry of National Infrastructure, Energy and Water Resources reports. There will be no change to the NIS 0.19 charge for receiving full-service at pumps from gas station attendants.
Gasoline prices have been falling consistently in Israel for the past two years as oil prices plunge worldwide and have fallen for the past four consecutive months. But with the recent rise in oil prices and the strengthening of the shekel, there may now be a change in the trend.
In Eilat, where there is no VAT, the maximum price of 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.25 per liter, to NIS 4.99 on Thursday at midnight. There will be no change to the NIS 0.16 charge for receiving full-service at pumps from gas station attendants.
The price of fuel in Israel is set according to the price in the last four days of the month at Lavera in France.
Published by Globes [online], Israel business news - www.globes-online.com - on March 30, 2016
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