Assessment: Fuel price expected to soar to 9 shekels per liter of gasoline

An assessment on Channel 14 indicates that the price of fuel in Israel is expected to jump to around 9 shekels per liter of gasoline, due to the expiration of the temporary discount on the excise tax and rising global oil prices. The price of a Brent barrel is hovering around $117.

An assessment published on Channel 14 suggests that the price of fuel in Israel is expected to surge to approximately 9 shekels per liter of gasoline. The current fuel price stands at 7.77 shekels per liter for 95-octane gasoline at self-service stations, following a temporary reduction of one shekel in the excise tax signed by Finance Minister Bezalel Smotrich. These temporary relief measures are expected to expire this month, while global oil prices continue to climb: the price of a Brent crude oil barrel is hovering around $117, compared to about $100 to $105 at the end of September. The article notes that the increase in oil prices is not fully reflected at the pump, and that the dollar exchange rate also affects the final price. It further states that a rise in fuel prices could increase transportation and logistics costs, adding pressure on the cost of living.