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Gas Price Hikes Explained
The General Petroleum Authority attributed the 10-shekel increase in the price of a household gas cylinder to higher supply costs. The cost per ton rose by 1,000 shekels, alongside increases of 15.2% in propane prices and 18.2% in butane prices, as well as higher shipping and insurance expenses. Suppliers rely on imports for more than 80% of their gas. The price per ton at source reached about 6,200 shekels, with roughly 1,300 shekels in profit margins for filling stations and distributors added to that amount. The Authority said that the withholding of clearance revenues and the shortage of liquidity limit the government’s ability to subsidize prices, stressing that any fall in supply costs will be reflected in the monthly price.
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