September gasoline prices rise 0.3%

The price of filling your gas tank rose at midnight as the rapid appreciation of the dollar against the shekel in August offset the drop in oil prices over recent weeks.

gas station (photo credit: Ariel Jerozolimski)
gas station
(photo credit: Ariel Jerozolimski)
The price for self-service 95 octane gasoline is up 0.3 percent to NIS 6.69 per liter, the National Infrastructures Ministry said Sunday. Self-service refueling for 96 octane gasoline rose 0.45% and now costs NIS 6.71 per liter. The service fee for full-service remains unchanged at NIS 0.12 per liter. The price of gasoline, set by the government each month, is calculated by averaging international oil prices and the value of the shekel against the dollar during the last week of each month. During August, the dollar gained 3.5% against the shekel. Since late July, global oil prices have dropped to $118 per barrel from a peak of $147. Gasoline prices went down on August 1 for the first time in five months, by 4.71%, on cooling global oil prices. On July 1, gasoline prices soared by an average of 4% to a record of NIS 7 per liter for self-service 95 octane gasoline, causing a public uproar, especially among taxi and truck drivers