Good news for motorists in Israel. The price of a liter of gasoline will drop on Wednesday night, the eve of 16 Cheshvan 5773 by 36 agorot, representing a 4.53% price decrease.

As such, a liter of 95 octane gasoline will sell for 7.58 NIS, the equivalent of $7.79/US gallon based on Bank of Israel exchange rate of $1/3.89 NIS of 14 Cheshvan.

This will be the first reduction in gasoline prices in four months.

(YWN – Israel Desk, Jerusalem)