Following the sharp rise in the price of oil on global markets, the maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise sharply on Monday night at midnight February 1, 2022 by NIS 0.34 to NIS 6.71 per liter [2.11 USD], the Ministry of National Infrastructures, Energy and Water Resources has announced.

The charge for receiving full-service at pumps from gas station attendants will remain NIS 0.21.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Eilat where there is no VAT will fall by NIS 0.29 to NIS 5.74 on Monday night.

• The charge for receiving full-service at pumps from gas station attendants in Eilat will remain NIS 0.18.

The price of a barrel of Brent crude oil has risen for the past six consecutive weeks and is currently at $91 a barrel, a seven year-high, on concerns about the situation of a war between Russia and Ukraine.

Source: Globes

• Published by Globes, Israel business news – en.globes.co.il – on January 30, 2022.