Fuel Price Update in Israel
The Fuel and Gas Administration at Israel’s Ministry of Energy and Infrastructure has announced a change in fuel prices effective at midnight between Thursday and Friday, November 1, 2024. The new maximum price for unleaded 95 octane gasoline at self-service stations, including VAT, will be 7.20 Shekels (USD 1.95) per liter, marking an increase of 0.04 Shekels. The full-service supplement remains at 0.24 Shekels per liter. In Eilat, the maximum price without VAT will be 6.16 Shekels (USD 1.66) per liter, also an increase of 0.04 Shekels, with the full-service supplement unchanged at 0.20 Shekels.
Doubts Revealed
Israel -: Israel is a country located in the Middle East, on the eastern shore of the Mediterranean Sea. It is known for its rich history and cultural heritage.
Fuel Prices -: Fuel prices refer to the cost of petrol or diesel that people pay to fill up their vehicles. These prices can change based on various factors like global oil prices and government policies.
Ministry of Energy and Infrastructure -: This is a government department in Israel responsible for managing the country’s energy resources and infrastructure, including electricity, fuel, and water.
Unleaded 95 Octane Gasoline -: This is a type of petrol used in cars. The ’95 octane’ refers to the fuel’s ability to resist knocking or pinging during combustion, which is important for engine performance.
Shekels -: Shekels are the currency used in Israel, similar to how we use Rupees in India. It’s the money people use to buy things in Israel.
Self-service stations -: These are petrol stations where drivers fill up their own vehicles with fuel, rather than having an attendant do it for them.
Full-service supplement -: This is an extra charge added when a petrol station attendant fills up your vehicle for you, instead of you doing it yourself.
Eilat -: Eilat is a city in Israel located at the southern tip of the country, known for its beaches and as a popular tourist destination.
VAT -: VAT stands for Value Added Tax, which is a type of tax added to goods and services. In Eilat, fuel prices are mentioned without this tax.