The price of 95 octane gasoline will likely rise NIS 0.11 per liter at midnight on April 30.
The price of self-service 95 octane gasoline is reportedly set to jump by another NIS 0.11 per liter at midnight on April 30 to NIS 7.61 per liter, 1.5% more than the current price.
The price of gasoline was reduced by NIS 0.03 per liter for April, to NIS 7.50, after it was raised by NIS 0.17 per liter for March to NIS 7.53.
The Ministry of National Infrastructures will set the maximum price of gasoline for May before the end of April, on the basis of the average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin, which are then converted from dollars into shekels.
Published by Globes [online], Israel business news - www.globes-online.com - on April 22, 2014
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