Fuel prices to rise - all the sectors in the economy that will increase as a result

Fuel prices in Israel are set to surge tonight by 52 agorot per liter, bringing the price of a liter of 95-octane unleaded gasoline at a self-service station to 8.27 shekels. Filling a full 50-liter tank will cost approximately 413.5 shekels, about 26 shekels more than last month. The economic system fears a domino effect that could trigger a broad wave of price increases across the economy, including shipping, food products, public transportation, renovations, online shopping, and flights.

Fuel prices in Israel are set to surge tonight (between Wednesday and Thursday) by 52 agorot per liter, following an announcement by the Fuel and Gas Administration in the Ministry of Energy and Infrastructure. The maximum price for a liter of 95-octane unleaded gasoline at a self-service station will stand at 8.27 shekels, an increase of 52 agorot from the previous update. Filling a full 50-liter tank will now cost approximately 413.5 shekels, about 26 shekels more than last month. The surcharge for full service remains unchanged at 26 agorot per liter. The economic system fears a domino effect that could trigger a broad wave of price increases across the economy. Sectors that may raise their prices due to the fuel price hike include: deliveries and shipping (furniture, electrical appliances, goods for stores), food products (vegetables, fruits, meat, fish, and refrigerated products through transportation, distribution, and agricultural equipment), public transportation (buses, taxis, and shuttle vehicles, although regulated fares do not automatically increase), the renovation sector (transport of sand, concrete, blocks, iron, and heavy equipment), online shopping (home deliveries and warehouse distribution), and flights and tourism (jet fuel as a significant component of airline costs).