The warmongering of the dictators of the world – Russia, Iran and China – have unfortunately a heavy impact on gasoline price. The prices for gasoline will hook up in the night of thursday.
The price for 95 octane gasoline at self-service pumps in Israel is controlled and fixed by the state. For the month of February the gasoline price for 95 octane will rise by NIS 0.33/liter to NIS 7.17/liter as the Ministry of National Infrastructures, Energy and Water Resources announced.
Although Minister of Finance Bezalel Smotrich signed orders to reduce the tax on gasoline by NIS 0.10 per liter, it does not help much. The tax discount will remain in effect until the end of 2023.
The higher gasoline prices will trigger a new avalanche of the costs of living.