And you thought your
gas was expensive.
The Water and Energy Ministry announced, Thursday, that the maximum
price of 95-octane unleaded gasoline will be going up Saturday evening
at midnight, when the value-added tax (VAT) rises from 17 percent to 18
percent. The VAT increase, coupled with the price of petroleum products
in the European region and the current dollar-shekel exchange rate will
result in an increase of 3.58 percent to 7.52 shekels per liter
(comparable to $7.66 per gallon) for self service, up 26 agorot from the
current price, plus an additional 18 agorot per liter for full service.
In
Eilat, where VAT is not charged, the price is going up 16 agorot (2.58
percent) to NIS 6.37 per liter ($6.49 a gallon) for self service, plus
15 agorot for full service.
I'm sure that you'll be shocked to hear that nearly all stations charge the 'maximum price.'
Drill, baby, drill!
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