Gas price to be reduced on Sunday and possibly raised on Thursday

The Israeli Ministry of Energy announced a reduction in the price of a liter of 95-octane gasoline by 42 agorot starting Sunday, bringing it to 7.35 shekels at self-service, with this price remaining until Wednesday evening due to a temporary tax cut. Expectations indicate a possible price increase after the reduction ends.

The Israeli Ministry of Energy announced a reduction in the price of a liter of 95-octane gasoline by 42 agorot starting tomorrow, Sunday, bringing the self-service liter price to 7.35 shekels. This price will remain until Wednesday evening due to a one-shekel tax reduction, which expires at the end of Wednesday. It is unclear what the Ministry of Finance's decision will be in the coming days; if the tax reduction is canceled, the price will jump by a full shekel. Expectations suggest an extension of the reduction but by half a shekel at most, causing the liter price to rise to 7.85 shekels at self-service. The price for a liter with station attendant service adds 26 agorot.