According to preliminary forecast, the cost of a liter of gasoline in Israel will decline January 1, 2016 by 15 agorot and will be 5.83 per shekel of self-service.
The reason of reduction of price the continuing decline in oil prices on world markets. WTI fell to 34,53 USD per barrel, and Brent crude oil – to 36,34 dollars per barrel. The last time such low rates were recorded in 2004.
Recall that due to the record growth of oil reserves in the U.S. Congress approved a law abolishing the ban on the import of American oil.