Gas prices throughout Israel set to rise Thursday night
By JERUSALEM POST STAFFFEBRUARY 28, 2024 14:44Updated: FEBRUARY 28, 2024 23:00 Illustration image of a man fueling his car at a gas station, in Jerusalem, on June 28, 2022.(photo credit: OLIVIER FITOUSSI/FLASH90)
The increase will not be mitigated by the usual subsidy on gas, which has been suspended in light of wartime budget cuts.
The price of gasoline in Israel will rise Thursday night to NIS 7.51 per liter, a month-over-month increase of 13 agurot. The change will take place at midnight, on March 1.
The increase, announced on Wednesday by the Energy Ministry, will not be mitigated by the Finance Ministry’s usual subsidy, which Finance Minister Bezalel Smotrich has declined to sign since the end of December 2023.
The subsidy had kept gas prices down last year, never reaching 7 NIS per liter, but was suspended due to budget cuts in light of the war with Hamas.
A worker fills up a car with fuel at a gas station in Beirut, Lebanon, September 12, 2022. (credit: REUTERS/MOHAMED AZAKIR)
Highest price in almost two years
The new price is the highest since July 2022, when gasoline surged to NIS 8.08 per liter in the aftermath of Russia’s invasion of Ukraine. Advertisement
A full-service refueling costs 22 NIS more than self-service, a surcharge that is unchanged.
