After five consecutive months of price increases: The Fuel and Gas Administration in the Ministry of Energy and Infrastructure announced today (Thursday) that at midnight on Saturday night, the prices of fuel products that are under supervision and sold to consumers at gas stations will be updated.
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The maximum price per liter of 95 octane unleaded gasoline for the consumer at a self-service station (including VAT) will not exceed 7.52 shekels per liter, a decrease of 38 shekels from the previous update.
The surcharge for full service will be 22 cents per liter (including VAT), unchanged from the previous update.
The maximum price per liter of unleaded 95 octane gasoline for the consumer at a self-service station in Eilat (excluding VAT) will not exceed 6.43 shekels per liter - a decrease of 32 agorot from the previous update. The surcharge for full service will be 19 agorot (excluding VAT), unchanged from the previous update.
The Fuel Administration in the Ministry of Energy and Infrastructure publishes the price of 95 RON gasoline at the station for the following month at the end of each month, in accordance with the formula established in the Order for the Supervision of Prices of Commodities and Services.
According to the order, the price of gasoline at the station is based on the average of fuel prices in the Mediterranean Basin over five trading days, preceding the last two working days of each month.
In addition, the price includes a basket of marketing expenses, excise tax and value added tax. The translation into shekels is carried out according to the most recent representative exchange rate published by the Bank of Israel before the last two working days of each month.
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