Gasoline price set to fall to NIS 7.21 per liter

October 30, 2011 12:22

The price of self-service 95 octane gasoline will fall by NIS 0.08 per liter on Monday at midnight to NIS 7.21 per liter, the National Infrastructures Ministry announced Sunday. On October 1, the price of gasoline rose .28%, or NIS 0.02.

One reason for the reduction in the price of gasoline was the death of ex-Libyan leader Muammar Gaddafi. The price of gasoline is based on the average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin, which are then converted from dollars into shekels.

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