News Briefs

  Sivan 21, 5773 , 30/05/13

Gasoline Price Ceiling to NIS 7.70 Saturday Night

The Water and Energy Ministry announced, Thursday, that the maximum price of 95-octane unleaded gasoline will be going up Saturday evening at midnight, when the value-added tax (VAT) rises from 17 percent to 18 percent. The VAT increase, coupled with the price of petroleum products in the European region and the current dollar-shekel exchange rate will result in an increase of 3.58 percent to 7.52 shekels per liter (comparable to $7.66 per gallon) for self service, up 26 agorot from the current price, plus an additional 18 agorot per liter for full service.

In Eilat, where VAT is not charged, the price is going up 16 agorot (2.58 percent) to NIS 6.37 per liter ($6.49 a gallon) for self service, plus 15 agorot for full service.

Other archived news briefs:May 30 2013, 04:05 PM, 5/30/2013