Israel raises price of 95 octane gasoline for the fourth month in a row. Price of a liter of gasoline increased to 7.72 shekels ($2.11) amid the continuing war on Gaza.
Finance Minister Bezalel Smotrich decided to restore the previous full level of the excise tax on fuel. This is in addition to the repercussions of the war on the local economy, as the Israeli Central Bureau of Statistics said earlier this March that the economy contracted by 20.7% in the last three months of 2023.