Good news at the start of the new year: The Fuel and Gas Administration in the Ministry of Energy and Infrastructure announced today (Tuesday) that a significant reduction in fuel prices will take effect at midnight between Wednesday and Thursday.
The maximum price per liter of 95 octane gasoline in self-service (including VAT) will be 6.85 NIS per liter - a decrease of 26 cents from the previous month. The surcharge for full service will be 25 cents per liter, unchanged.
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In Eilat, the maximum price per liter of 95 gasoline in self-service (excluding VAT) will be 5.80 NIS per liter, a decrease of 23 agorot. The surcharge for full service will be 21 agorot per liter.
Batsheva Abuhatsira, Director of the Fuel and Gas Administration: "For the first time in the last two years, the price of gasoline has dropped below 7 shekels per liter. This is a significant decrease, resulting from a drop of approximately 11% in international gasoline prices in the Mediterranean region, due to an excess supply of distillates, a decrease in demand, and a decrease in the geopolitical risk premium. In addition, the dollar exchange rate weakened by approximately 2%.".
