Price of gasoline expected to rise by approximately NIS 0.4 this week

The price of gasoline is expected to rise by approximately NIS 0.4 this week, following a continuing increase in the price of oil. Gasoline prices are updated at the end of every month. During March, the price of oil increased by some 25 percent, from approximately $40 per barrel to about $50 a barrel. The price of oil started rising after falling to some $30 a barrel at the end of 2008.