Gas station 521.
(photo credit: Marc Israel Sellem)
The price of self-service 95-octane gasoline will rise NIS 0.02 per liter, 0.3
percent, at the end of the month to NIS 7.29 per liter, the National
Infrastructures Ministry announced Tuesday. The service charge for full-service
gasoline will rise 5% to NIS 0.21 per liter.
The VAT-free price of
self-service 95- octane gasoline in Eilat will rise to NIS 6.28 per liter, and
the full-service fee will rise to NIS 0.18 per liter.
The drop in the
price of oil during September partly offset the excise hike on gasoline, from
NIS 2.86 per liter to NIS 2.95 per liter, following the expiration of the
temporary directive cutting the excise during September. 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
The CIF La Vera trade prices for oil accounts for 38% of the
retail price of gasoline in Israel; the excise accounts for 39%, VAT accounts
for 14%, and the fuel companies’ marketing margin accounts for 8%.
Finance Ministry has not yet extended the directive. On July 31, it cut the
excise on gasoline by NIS 0.31 per liter, under pressure from Prime Minister
Binyamin Netanyahu to avoid a NIS 0.31 per liter price hike in gasoline for
August caused by higher oil prices. On August 31, the excise was raised NIS 0.22