Israel's Ministry of Energy and Infrastructure announced on Thursday that the price of unleaded 95-octane gasoline will rise 8.2 percent to 8.09 shekels (about 2.63 U.S. dollars) per liter, effective on Sunday, marking the highest level in nearly 14 years.
The new price, up from 7.48 shekels (2.44 dollars), stands just below the record 8.25 shekels set in September 2012, according to ministry data. By contrast, the lowest price in recent years was 4.79 shekels in May 2020.
The ministry attributed the surge to continued volatility in global energy markets, citing sharp rises in international gasoline prices amid higher crude oil costs and persistent supply concerns.
It noted that the recent strengthening of the dollar also contributed to the rise in fuel prices in Israel.
Israel raises fuel prices to nearly 14-year high amid global market volatility
About 2 million elderly people with disabilities in China have received government subsidies to purchase caregiving services so far this year, the country's Ministry of Civil Affairs announced Thursday at a press conference.
The subsidies are available to older individuals who have been assessed as having moderate or more severe disabilities, based on criteria that evaluate their ability to perform daily activities as well as their mental, sensory and cognitive functions.
The Chinese government rolled out this nationwide subsidy program at the beginning of this year, after several months of pilot in limited regions. So far, elderly care service providers across the country have recorded more than 6.5 billion yuan (about 957 million U.S. dollars) in service payments covered by the subsidies, according to the ministry.
The ministry estimated that the subsidy program has generated about 29 billion yuan in growth for the elderly care service sector.
2 mln elderly people receive caregiving service subsidies in China in 2026: ministry
