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Globes: Gasoline prices to fall next week

Published on Oct 24 2012 // Business and Financial News, Economy

24 October 12 15:15–The price of gasoline will fall by NIS 0.20-0.30 per liter on November 1, indicates an analysis of trends in the price of oil and the shekel-dollar exchange rate.

The price of gasoline for November will be based on the average trading price of average quotes of CIF La Vera trade prices for fuels in the Mediterranean basin on the last four trading days in October, which are then converted from dollars into shekels. On this basis, the price of self-service 95 octane gasoline could fall to around NIS 7.70 per liter from the current price of NIS 7.94 per liter…Read More>>

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