Gasoline prices have been reduced to the level they were at preceding the outbreak of the Arab-Israel war last June, it was announced today.
The price rose substantially the first week in June, when Egyptian forces seized the heights of Sharm-El-Sheikh, dominating the Strait of Tiran, and blocked the passage of oil tankers to the Israeli port of Eilat. With Sharm-El-Sheikh now under Israeli control, the strait reopened and fuel shipment restored to its pre-war volume, transportation costs have dropped and the Government has been able to cut the price of gasoline accordingly.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
