Price of gasoline to fall on January 1 to a two-year low |
On January 1, the price of gasoline in Israel will fall below NIS 7 per liter for the first time in two years, the Energy Ministry announced Tuesday.
As of Thursday, Israelis will pay NIS 6.85 ($2.16) per liter of gasoline at the self-service pump, down 3.66 percent, or 26 agorot (about 7 cents) lower than the price in December.
The Energy Ministry attributed the decline to a 11% drop in global gasoline prices in the Mediterranean region, a decrease in demand for gasoline, and a slide in the geopolitical risk premium, as well as changes in the shekel-dollar exchange rate.
“This is a significant [price] decrease,” declared Bat Sheva Abuhatzira, director........