Fuel prices: 0.50 NIS increase per liter

Starting at midnight, a liter of 95-octane gasoline will cost 7.85 NIS following the Finance Minister's decision on excise tax reductions.

Fuel prices are set to increase by 50 agorot per liter at midnight, according to reports by Behadrei Haredim and Kan 11. With this hike, the price of a liter of 95-octane gasoline at self-service stations will reach 7.85 NIS. According to the reports, Finance Minister Bezalel Smotrich ordered a reduction in the excise tax to mitigate the increase, which would have been sharper without his intervention. Further details regarding the impact of the price hike on the economy have not yet been released.