Gasoline price to top NIS 8 by next week

March 29, 2012 17:17


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The maximum price of full-service 95-octane gasoline will reach an unprecedented NIS 8.15 per liter on April 1, the Energy and Water Resources Ministry announced Thursday.

Gasoline was supposed to rise above NIS 8 on March 1 on the back of the shekel’s depreciation against the dollar and a spike in global oil prices. It was eventually set at NIS 7.95 after Prime Minister Binyamin Netanyahu issued a last-minute order to reduce the fuel excise tax by 10 agorot.

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