Fuel prices in Israel to rise by 1.03 shekels per liter starting next month
Local Economy

Fuel prices in Israel to rise by 1.03 shekels per liter starting next month

SadaNews Economy Translation - The Hebrew channel Reshet Kan reported that fuel prices in Israel will rise by 1.03 shekels per liter to reach 8.05 shekels starting next month, marking the first increase in four years.

The Hebrew Channel 15 stated according to SadaNews Economy translation that there has been significant pressure on the Israeli government to reduce the excise tax by at least one shekel per liter to prevent fuel prices from reaching the threshold of 8 shekels, but these pressures have not been successful so far.