The price of self-service 95 octane gasoline will go by NIS 0.17 per liter to NIS 7.60.
The price of self-service 95 octane gasoline will go up 2.3%, or NIS 0.17 per liter, at midnight Wednesday, to NIS 7.60 per liter, the Ministry of Energy and Water Resources announced today. The full-service charge will remain unchanged at NIS 0.18 per liter (including VAT).
The price of self-service 95 octane gasoline in Eilat (where there is no VAT) will rise by NIS 0.14 per liter to NIS 6.44, and the self-service charge 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 hike in gasoline is due to the rise in Brent crude oil prices, which was partly offset by the appreciation of the shekel against the dollar.
Published by Globes [online], Israel business news - www.globes-online.com - on July 30, 2013
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