The price of self-service 95 octane gasoline was set to fall by NIS 0.09 per liter from July 1.
The price of self-service 95 octane gasoline will fall by NIS 0.09 per liter at midnight tonight from NIS 7.52 per liter to NIS 7.43 per liter, including VAT, a reduction of 1.2%. The full service charge will remain unchanged at NIS 0.18 per liter.
The price of self-service 95 octane gasoline in Eilat (which is VAT free) will fall by 1.1% from NIS 6.37 per liter to NIS 6.30 per liter, and the full service charge will remain unchanged at NIS 0.15 per liter.
The price of gasoline is based on the average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin, which are then converted from dollars into shekels. The price drop for gasoline in Israel is due to the 1.6% drop in the La Vera trade price in June and the shekel's 1.2% appreciation against the dollar during the month.
Published by Globes [online], Israel business news - www.globes-online.com - on June 30, 2013
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