Because of Putin: The price of fuel will increase on Saturday night, how much will a liter cost?
Although the reduction in excise duty has managed to curb the rise in fuel prices, barrel prices continue to climb, this time because of the Russian president's declaration of a reduction and even cessation of gas exports to some European countries, in response to the West's position on the war in Ukraine.
A self-service 95 liter will cost NIS 7.06 from Saturday
Between Ashkenazi
28/04/2022
Thursday, 28 April 2022, 11:39 Updated: 12:28
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The price of fuel will increase from midnight between Saturday and Sunday, the Ministry of Energy announced.
The new price per liter of unleaded 95-octane gasoline for a consumer at a self-service station will not exceed NIS 7.06 per liter, an increase of 12 cents from the previous month.
The supplement for full service will be 21 cents per liter, without change from the previous month (and a total of NIS 7.27 per liter of 95 full-service gasoline).
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Finance Minister Avigdor Lieberman.
The reduction in excise duty has moderated the rise in prices, but in light of the global rise in prices, it will have to increase it, or the price will continue to climb (Photo: Reuven Castro)
This is a continuation of the rise in energy prices, mainly as a result of the Russian invasion of Ukraine.
Although at the beginning of the month the Minister of Finance, Avigdor Lieberman, announced a reduction in the excise tax on fuel by half a shekel (for 3 months), which reduced its price, even if this reduction is extended for a longer period (as hinted by the Minister of Finance), fuel prices will continue to rise (Unless it is decided on a discount that will be not only longer but also larger in taxation).
The current increase is mainly related to oil and gas export quotas from Russia.
Yesterday, Putin addressed Russian parliamentarians and reached a halt to the flow of oil and gas to some European countries, with an emphasis on Bulgaria and Poland.
An examination revealed that at least in relation to Poland, the gas accumulated in the reservoirs had reached an unprecedented level, so that it could use them in the event of a complete cessation of supply from Russia.
Russian President Vladimir Putin.
Continues to fight in Ukraine with weapons, and with Europe - with gas and oil (Photo: AP)
If the war escalates, the price of fuel will continue to climb
The main question now is how other countries will behave whose dependence on Russia's energy output is higher than that of others, such as Greece, Italy, the Netherlands - and especially Germany, which is primarily responsible for the fact that about 30% of Europe's gas consumption comes from Russian products.
Putin's announcement of a reduction and even cessation of gas exports was made in parallel with Britain's position calling on the West to help the Ukrainians with arms shipments, including missiles, tanks and planes.
Putin even hinted at the possibility of escalating the war.
If the military conflict escalates - and as a result the involvement of Western countries in preserving Ukraine's independence increases, it is quite possible that the price of fuel will continue to rise in the coming months.
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