The price at the pumps is scheduled to increase in Israel on motzei Shabbos at midnight. The increase will be four agorot per liter.
The price for a liter of 95 octane unleaded gasoline at a self-service pump will be NIS 6.16, which is equivalent to $7.10 a US gallon at the Bank of Israel closing rate on Thursday, November 28, 2019, which was $1 equals NIS 3.47.
The price at a self-service pump in Eilat will be NIS 5.27 as one does not get charged VAT in Eilat.
Officials report the average fill up of fifty liters will cost an additional NIS 2.
The reason given for the increase is the 4.3% increase in oil prices and a drop in the dollar by 1.67%.
That said, the amount of the price of a liter of fuel includes NIS 3.97 which goes to the various taxes; 65% of the total price.
(YWN Israel Desk – Jerusalem)