The Fuel and Gas Administration at the Ministry of Energy announced today (Thursday) that at midnight between Saturday and Sunday the prices of the fuel products under supervision will be updated.
The maximum price per liter of 95 gasoline at a self-service station will not exceed NIS 6.94 per liter, an increase of NIS 9 from the previous update.
The supplement for full service will be 21 AJ per liter, unchanged from the previous update.
A jump in fuel prices, photo: Liron Moldovan
In Eilat, the maximum price per liter of 95 gasoline at a self-service station will not exceed NIS 5.93 per liter without VAT, an increase of 7 EG from the previous update. The supplement for full service will be 18 EG without VAT.
The Director of the Fuel Administration at the Ministry of Energy publishes at the end of each month the price of 95 gasoline at the station for the following month, in accordance with the formula established in the Decree on the Supervision of Prices of Commodities and Services.
In accordance with the order, the price of gasoline at the station is based on the average of fuel prices in the Mediterranean Basin region on five trading days, preceding the last two working days of each month.
In addition, the price includes a basket of marketing expenses, excise tax and VAT. The translation into Shekel is carried out according to the last representative exchange rate published by the Bank of Israel before the last two working days of each month.
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