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Last update - 22:36 29/04/2008
Gas prices to rise by 29 agorot per liter Wed., reaching record high
By Avi Bar-Eli, TheMarker
Tags: Gas, Israel, Shekel, Petrol

Gas prices will jump at midnight Wednesday by some 29 agorot per liter, reaching record highs for the price of benzene per liter in Israel.

Wednesday's price hike makes April the third consecutive month in which gas prices have risen.

A liter of benzene 95 octane will jump by 4.61 percent to a record price of NIS 6.58 per liter (at self-service pumps); the cost of benzene 96 octane will climb at a rate of 4.6 percent, selling at NIS 6.60 per liter.
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The charge for service by a gas attendant at a pump will stand at 12 agorot per liter, including VAT.

Despite the recent revaluation of the shekel, gas prices have risen over the last three months by 10 percent, and since the beginning of the year by 5.6 percent.

The soaring prices are due to the rise in petrol prices worldwide, which have resulted in the cost of a barrel rising to almost $120.


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