Fuel prices are expected to increase by 35 agorot per liter starting in August, according to a new report. The projected hike follows an earlier estimate of a 30-agorot rise this weekend.
A new report Thursday afternoon projects a fuel price hike of 35 agorot per liter in August, separate from the previously reported 30-agorot increase expected this weekend. The August projection marks an upward revision from earlier estimates, though its exact date has not been specified.
Earlier today (Thursday, 09:01 Jerusalem), The Zioneer reported a series of updates on fuel prices: first, a 25–30 agorot rise next week, attributed to a surge in oil prices (version 1). That was quickly confirmed as a 30-agorot increase starting next month (version 2), and then narrowed to a 30-agorot hike beginning Saturday night, driven by oil and dollar strength (version 3). The source base evolved from a single Yediot report to multiple Hebrew-language media outlets, lending increasing corroboration.
As The Zioneer reported on Thursday, the immediate weekend hike was tied to a surge in oil prices amid Middle East escalation and a strengthening dollar, reversing recent declines. The same factors may influence the August projection, though the new report did not provide a specific cause.
The August hike's exact date remains unannounced, and it is unclear whether the weekend increase will proceed as expected. The new projection indicates a sharper rise than previously forecast for the following month.
4 developments
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