Tomorrow at midnight: fuel price to rise by 50 agorot per liter of gasoline

The price of fuel will rise tomorrow at midnight by 50 agorot per liter, after Finance Minister Smotrich extended the reduction of the excise tax by half a shekel for 26 days, thereby preventing a jump of a full shekel. The new price: 7.85 shekels per liter.

The price of fuel in Israel is expected to rise tomorrow at midnight by 50 agorot per liter, following the expiration of previous excise tax reductions. Finance Minister Bezalel Smotrich advanced an additional order to reduce the excise by half a shekel for 26 days, which halted an increase that was expected to reach a full shekel. The new price will stand at 7.85 shekels per liter at self-service stations, compared to 7.35 shekels today. However, the price is 8 agorot higher than last month's price (7.77 shekels). The article notes that concerns over security escalation and tensions in the markets continue to affect global oil prices.