Fuel Prices in Israel Hit Record High of 8.27 Shekels Per Liter
Translated & summarized from Makan by baba
Fuel prices in Israel have reached a record high of 8.27 shekels per liter for 95-octane gasoline starting October 1st, 2026. The increase is attributed to global energy market trends and a stronger dollar.
The story in 4 lines · by baba
- Gasoline prices in Israel reach a record 8.27 shekels per liter.
- The price hike is driven by global energy market increases.
- A stronger dollar also contributed to the rising fuel costs.
- This follows a recent, temporary fuel price reduction.
Israel's Ministry of Energy and Infrastructure announced a record increase in controlled fuel prices, effective midnight Wednesday-Thursday, October 1st, 2026. The maximum price for a liter of 95-octane gasoline will rise to 8.27 shekels at self-service stations, including VAT, marking a 52 agorot increase from the previous price. The additional charge for full service remains unchanged at 26 agorot per liter.
The ministry attributed the price hike to global energy market developments, including a roughly 13% rise in international gasoline prices driven by increasing oil costs and ongoing concerns over supply disruptions and global energy market stability. A nearly 3% increase in the dollar's exchange rate against the shekel also contributed to the higher fuel costs in Israel.
This price surge follows a decision in early September by Finance Minister Bezalel Smotrich to reduce fuel prices by 50 agorot per liter. That move, approved by the Attorney General despite professional opposition within the Finance Ministry and concerns about potential electoral considerations, is now overshadowed by the new record high.
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