Price of gasoline to be cut more than 3%

By REUTERS
June 29, 2011 16:32

The National Infrastructures Ministry will cut the price of gasoline at midnight on Thursday. The price of self-service 95 octane gasoline will be cut by 3.23%, or NIS 0.24 per liter, to NIS 7.22 per liter from the current NIS 7.46 per liter.

The sharp drop in the global price of oil was the reason for the price cut.

The price of self-service 95 octane gasoline peaked at NIS 7.62 per liter in May, after six consecutive monthly price hikes.


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