The Israel Electric Corporation (IEC) announced Monday that starting February 1 (Tuesday), Israelis will be paying 5.7 percent more for their electricity.
Israel’s Channel 12 television news reported the decision about a month ago, saying prices were expected to rise by 4.9 percent.
The increase, according to IEC, is due to a continued rise in the global price of coal, which has increased by more than 100 percent over the past year.
But that’s not all.
Gasoline Prices Rising (Again) Monday Night
The gasoline fuel tariff will also rise at midnight Monday night by more than five percent over its current price.
Consumers will pay an additional 34 agorot per liter at self-service pumps in the Jewish State, bringing the price for 95-octane to NIS 6.71 per liter.
The supplement for full service will be 21 agorot per liter – no change from last month.
