The price of gasoline is set to rise at midnight, July 31, after price cuts in the past two months. The price of self-service 95 octane will rise by NIS 0.25 per liter to NIS 7.50, according to preliminary calculations by the fuel companies. The price hike is due to the rise in the price of oil during July.
The Ministry of National Infrastructures sets the maximum price of gasoline at the end of each month. The price of gasoline is based on the average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin, which are then converted from dollars into shekels.
The price hike could give cottage cheese protesters and the tent camp protestors a new cause.
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