23 Hrs
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شبكة راية الإعلامية
Economist discusses Israel fuel price hike effects on Palestine
Sources anticipate that gasoline prices in Israel will reach their highest level since 2012, with an increase of approximately 16 agoras starting from midnight, due to the effects of global oil markets impacting fuel prices. Economic expert Dr. Abdul Rahman Kheder explained that prices are primarily influenced by global oil prices, which fluctuate based on supply and demand. He also noted that potential measures such as reducing fuel taxes could alleviate the rise in Israel; however, the impact on the Palestinian market would be delayed because of the monthly pricing system and existing agreements. Additionally, he confirmed that a decline in the dollar's exchange rate against the shekel could reduce the cost of purchasing oil, but this would not immediately affect fuel prices in the Palestinian territories.
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