News Briefs

  7/24/2011, Tammuz 22, 5771

Electricity Prices Set to Rise

Electricity prices are set to rise 12.5% next week, instead of 19.5% requested by the Israel Electric Company. The 7% “discount” came as a result of the Treasury deciding not to impose additional taxes on diesel fuel. Final permission for the increase was given by a joint Finance and Environment Ministry committee.

The increase is due to the rise in the price of oil on world markets, which has again struck the $100 a barrel level.