BREAKING NEWS

Yishai: Public cannot withstand another gas hike

By JPOST.COM STAFF, GLOBES

MARCH 29, 2012 13:39

“The public cannot withstand” an expected gas price hike from its current price level, Interior Minister Eli Yishai said on Thursday.

At midnight Saturday, April 1, the price of gasoline is set to jump by NIS 0.16 per liter, which will send the price over NIS 8.1 per liter at full service 95 octane pumps. As of May 2011, the record for gas prices had been NIS 7.62 per liter.

During a tour of the city Emanuel, Yishai said that he intended to convene a special meeting of the Shas party to address the high gas prices.

Yishai noted that even if raising the price of gas could be justified on an economic basis, the state could not ignore the human cost of such high gas prices.

Nadav Shemer contributed to this report.

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