Strong Shekel, Weak Oil Drive Down Price at the Pump

Israeli motorists will enjoy a relatively large drop in the price of gasoline in October following a sharp drop in the price of crude oil and a stronger shekel the past month.

The end-of-the month adjustment Monday night is expected to knock approximately 45 agorot (13 cents) off every liter of regular unleaded fuel.

The drop more than wipes out the 25 agorot per liter increase at the beginning of September.