The Energy Ministry announced that the price of 95-octane gasoline at self-service pumps will increase by 61 agorot, crossing the 8-shekel threshold to a maximum of 8.09 shekels per liter, effective midnight Saturday-Sunday. The ministry attributed the hike to a sharp 22% rise in international gasoline prices driven by surging global oil prices and concerns over supply disruptions.
The Energy Ministry's announcement this morning confirms the sharp increase reported earlier by Israeli media. The 61-agorot rise brings the self-service price of 95-octane gasoline to 8.09 shekels per liter, exceeding the symbolic 8-shekel mark. The ministry explained that the increase reflects a 22% jump in international gasoline prices, driven by the global oil price surge amid geopolitical tensions and supply concerns. The new price takes effect at midnight Saturday-Sunday. This marks the most significant single-month fuel price increase in Israel in recent years. The Zioneer reported earlier Thursday that Israeli media outlets had forecast the 61-agorot rise.
2 developments
- StrongReport: Israel fuel price expected to rise 25-30 agorot per liter, near 7.75 shekels
- StrongUS gas price rises back above $4 per gallon as fighting with Iran resumes
- DevelopingIranian government: gasoline price hike inevitable as budget pressures mount
- DevelopingBrent crude oil rises to $88 per barrel amid Iran tensions
Source and signal
- Open-source intake