Self-service 95 octane gasoline will fall by NIS 0.16 per liter to NIS 7.46.
The Ministry of National Infrastructures price will cut the gasoline at midnight Tuesday, 31 May 2011. The price of self-service 95 octane gasoline will fall by NIS 0.16 per liter to NIS 7.46.
The ministry sets the price of gasoline at the end of month based on in the price of CIF La Vera trade prices for fuels in the Mediterranean basin, which accounts for 39% of the price of gasoline in Israel, and changes in the shekel-dollar exchange rate.
"Israel Today" reports that, if Minister of National Infrastructures Uzi Landau accepts a recommendation to halve the fuel companies' marketing margin, the price of gasoline could be reduced by up to NIS 0.35 per liter.
Published by Globes [online], Israel business news - www.globes-online.com - on May 29, 2011
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