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Gasoline prices rise back above 7 NIS per. liters

The maximum price of state-controlled 95-octane petrol at self-service pumps in Israel will increase on Saturday evening at midnight on 1 May 2022 by NIS 0.12 to NIS 7.06 per liter, the Ministry of National Infrastructure, Energy and Water Resources has announced. The fee for receiving full service at pumps from petrol station officers will remain NIS 0.21.

Oil prices rose sharply in February and March after Russia’s invasion of Ukraine, but remained stable in April. The Ministry of National Infrastructure, Energy and Water Resources has said that the reasons for the recent increase are the depreciation of the shekel against the dollar over the past month and the effect of inflation, with excise duties on petrol raised in line with the consumer Price Index ( CPI).







The maximum price of state-controlled 95 octane petrol at self-service pumps in Israel was NIS 7.44 in early April, the highest price since 2014, but fell to NIS 6.94 after Finance Minister Avigdor Liberman lowered the excise tax on fuel by NOS 0.50 pr. liters to moderate the increase in the cost of living.

The maximum price of state-price-controlled 95-octane petrol at self-service pumps in Eilat, where there is no VAT, will increase by NIS 0.10 to NIS 6.03 on Saturday night. The fee for receiving full service at pumps from petrol station officers in Eilat will remain NIS 0.18.

Published by Globes, Israel business news – en.globes.co.il – on April 28, 2022.

© Copyright by Globes Publisher Itonut (1983) Ltd., 2022.


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