The price of unleaded gasoline in Israel will drop by 32 agorot to 7.48 shekels per liter in July, according to the Ministry of Energy and Infrastructure's monthly fuel price update.
Israel's regulated fuel price for July will be 7.48 shekels per liter, a drop of 32 agorot (4.1%) from the June price. The decrease follows a sustained decline in global oil benchmarks driven by the US-Iran peace deal and anticipated increases in Iranian crude exports, as The Zioneer has reported. July's price is the lowest since before the current conflict began. The Ministry of Energy and Infrastructure updates the maximum consumer price for unleaded 95 octane gasoline on the first of each month, based on global crude and refinery product prices as well as the shekel-dollar exchange rate.
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