Fuel Prices in Israel Rise by 14 Agorot

SadaNews Economy Translation - Fuel prices will increase by 14 agorot at midnight Saturday-Sunday, according to the latest update from the Israeli Ministry of Energy and Infrastructure.

The price of a liter of unleaded 95 octane gasoline for consumers at self-service stations, including VAT, will reach 7.02 shekels, an increase of 3 agorot from the last price. The Sada News Economy section translated this based on a report from the Hebrew newspaper Globes.

The ministry indicated in its statement that the price in Eilat will not exceed 5.95 shekels per liter, an increase of 12 agorot compared to the previous update.

It explained that security and geopolitical tensions have led to a global increase in gasoline prices by a cumulative rate of 7.06% compared to last month's prices.

It noted that this rise reflects an increase of approximately 0.3% in the exchange rate.