Photo Credit: Flash 90
Filling up at a Paz gas station. (illustrative only)

The price of gasoline in Israel is rising again and heading towards the country’s 2012 all-time record price when gasoline cost NIS 8.25 per liter.

This is the fourth gasoline price hike in the first six months of 2022, with previous increases taking place February 1, April 1 and June 1.

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As of midnight Thursday night, the price of gasoline will rise by 36 agorot to NIS 8.08 per liter, the Ministry of National Infrastructures, Energy and Water Resources announced.

The cost of full-service gasoline will not rise.

The cost of gasoline has risen by a whopping 20 percent in the past 12 months.

At present it costs NIS 347 to fill the 45-liter tank of an average Israeli car – more than $100 US dollars.

That price will jump to NIS 363 on Friday morning.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.