Gasoline prices gas tax 311.
(photo credit: Marc Israel Sellem)
The price of 95 octane gasoline now costs NIS 7.62 per liter in Israel, after
the price hike on April 30. As a result, Israel has the 12th highest price of
gasoline in the West, according to a price survey published by US monthly The
France tops the list, at NIS 9.24 per liter, followed by
Denmark, Greece, the Netherlands, Belgium, Portugal, Sweden, and Germany, where
the price of gasoline is over NIS 8 per liter, or over $9 per gallon, The
The price in Finland, Italy, and the UK is also higher
than in Israel, followed by Ireland, the Czech Republic, Austria, and Spain,
where it costs over NIS 7 per liter.
The price of gasoline is NIS 4.17
per liter in Canada and NIS 3.52 per liter in the US, or around $4 per
Meanwhile, gasoline prices could be cut at the end of the month
as the global price of oil falls, Hebrew daily Ma’ariv reported
Last week, the price of oil fell by $16 per barrel from its recent
peak to $97.60 per barrel, but the decline halted on Friday following the
publication of US macroeconomic figures.
Israeli fuel executives estimate
the fall in the price of oil reflects a reduction of NIS 0.20 per liter in the
price of gasoline. The price of gasoline has risen NIS 0.91 per liter since
January 1. Analysts allege that the latest jump in the price of oil is due to
speculators who exploited the upheavals in the Middle East to send prices