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News Briefs

  Tamuz 22, 5771 , 24/07/11

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.

Other archived news briefs:Jul 24 2011, 02:20 PM, 7/24/2011