Israel gas prices hit record high

Israel increased the price of 95-octane gasoline to 8.27 shekels ($2.69) per liter, reaching an all-time high amid rising global oil prices and concerns over supply disruptions due to the Iran war. The increase came despite a temporary tax cut in September, which initially led to a decrease in the price. Experts indicate that the rise in global energy prices, combined with the shekel's decline against the dollar, has elevated fuel costs, impacting living standards and raising political concerns ahead of the Knesset elections.

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