18.01.2010

Price of gasoil used to be controlled by the MNI, but since the privatization and split of the oil refineries, the prices are no longer controlled as of January 2007. What the MNI site shows are the prices as they would have been if they were still controlled by the Ministry, or namely theoretic prices. To reach the gasoil price (מזוט) one needs to make an approximation in the following manner: extract CIF Lavera prices from the MNI website – which provides an approximation of the ex-refinery prices (average 2 business days + 5 days of Platts) – this price includes transportation to Israel which is about $20-$30 a ton – then convert it from $ to NIS according to the prevailing exchange rate for each month if price needed in shekels, add excise tax see again on MNI website excise tax for gasoil (about 14 NIS/ton) (do the PA pay excise tax?), make an approximation of the delivery / transportation tariff and add VAT (was changed several times during the period).

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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