JERUSALEM, July 30 (Xinhua) -- Israel's Ministry of Energy and Infrastructure announced on Thursday that the price of unleaded 95-octane gasoline will rise 8.2 percent to 8.09 shekels (about 2.63 U.S. dollars) per liter, effective on Sunday, marking the highest level in nearly 14 years.
The new price, up from 7.48 shekels (2.44 dollars), stands just below the record 8.25 shekels set in September 2012, according to ministry data.
By contrast, the lowest price in recent years was 4.79 shekels in May 2020.
The ministry attributed the surge to continued volatility in global energy markets, citing sharp rises in international gasoline prices amid higher crude oil costs and persistent supply concerns.
It noted that the recent strengthening of the dollar also contributed to the rise in fuel prices in Israel. ■
