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Gasoline Price Surge Reflects War Impact
The article discusses the rising price of gasoline in Israel as part of the economic impacts resulting from the escalation of security tensions and the war in the region. Due to Gulf tensions and threats to oil supplies, the price of oil and gasoline has increased, with the price of a liter of petrol expected to reach 8.77 shekels after the end of October, despite a temporary tax cut at the beginning of the month. The Israeli government has increased its debt to approximately 400 billion shekels to finance the war, which will eventually lead to the need to cut social services and raise taxes, with the economic costs of the war beginning to be passed on to the public after the elections.
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