The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at midnight March 2, 2025, by NIS 0.08 per liter to NIS 7.23 per liter.
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at midnight March 2, 2025, by NIS 0.08 per liter to NIS 7.23 per liter, the Ministry of Energy and Infrastructure has announced. The charge for service at pumps will remain unchanged at NIS 0.24 per liter.
For the sake of comparison, the most expensive that 95 octane gasoline has been recently was NIS 7.90 in May 2024 and the cheapest was NIS 6.81 in April-May 2023, partly due to a temporary cut in excise tax.
The price of gasoline is calculated by the Ministry of Energy at the end of each month, based on the average oil prices in the Mediterranean region and the shekel-US dollar exchange rate. In addition, the price includes a basket of marketing expenses for the gas station, excise tax, and VAT.
Published by Globes, Israel business news – en.globes.co.il – on February 27, 2025.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.
Paz gas station credit: Tali Bogdanovsky
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2025-02-27 03:51:22
