Gasoline Prices in Israel Surge to 8.27 Shekels Per Liter
Gasoline prices in Israel are set to increase by 52 agorot per liter starting at midnight between Wednesday and Thursday, October 1st. The maximum price for a liter of 95-octane gasoline at self-service stations will reach 8.27 shekels, up from the current 7.75 shekels. This represents a price hike of approximately 6.7%. The additional charge for full-service fueling will remain unchanged at 26 agorot per liter.
This price increase occurs despite the ongoing fuel excise tax reduction implemented by Finance Minister Bezalel Smotrich, which was intended to curb rising fuel costs. Earlier in September, gasoline prices had reached 8.25 shekels per liter, the highest in 14 years. Following this, on September 7th, the excise tax was reduced, leading to a 50-agorot decrease in the price to 7.75 shekels per liter.
The excise tax reduction was initially approved as a temporary measure until the end of October. However, recent global energy price surges have pushed the price of gasoline back above the September peak, by two agorot per liter.
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