Gasoline prices to fall NIS 0.05 Thursday night

Sonol gas station
Sonol gas station

The maximum price of 95 octane gasoline at self-service pumps in Israel will fall to NIS 5.96 on July 1.

The maximum price of 95 octane gasoline at self-service pumps in Israel will fall by NIS 0.05 per liter (0.83%), from NIS 6.01 to NIS 5.96 on Thursday at midnight, July 1, the Ministry of National Infrastructure, Energy and Water Resources reports. There will be no change to the NIS 0.19 charge for receiving full-service at pumps from gas station attendants.

This rise follows three consecutive months of price rises as global oil prices staged a recovery. Prior to that there were two years of sharp falls in gasoline prices as oil prices tumbled on world markets.

In Eilat, where there is no VAT, the maximum price of 95 octane gasoline at self-service pumps in Israel will fall by NIS 0.04 per liter, to NIS 5.10 on Thursday at midnight. There will be no change to the NIS 0.16 charge for receiving full-service at pumps from gas station attendants.

The price of fuel in Israel is set according to the price in the last four days of the month at Lavera in France.

Published by Globes [online], Israel business news - www.globes-online.com - on June 29, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Sonol gas station
Sonol gas station
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