Israeli Gasoline Prices Set for Temporary Drop Followed by Hike
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Original source:en.globes.co.il
Key Takeaways
- 95-octane gasoline price drops 0.42 NIS on November 1.
- A sharp 1 NIS price increase follows on November 4.
- Fuel prices remain under government regulation in Israel.
- Motorists should anticipate net higher costs after the weekend.
The Israeli energy market is bracing for a volatile start to November regarding fuel costs. Government-regulated prices for 95-octane gasoline are slated to decrease by 0.42 NIS per liter this Saturday night, offering a momentary reprieve for motorists.
However, this reduction will be short-lived. By November 4, the price is expected to jump by 1 NIS per liter, resulting in a net increase for consumers. These adjustments are part of the standard regulatory process for fuel pricing in Israel.
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