Fuel Prices in Israel Hit Record High, Burdening Drivers
Translated & summarized from Ice by baba
The story in 4 lines · by baba
- Gasoline prices in Israel reached a historic high on October 1st, 2026.
- A liter of 95-octane gasoline now costs NIS 8.27 at self-service stations.
- The price increase is driven by global oil prices and a stronger dollar.
- An excise tax reduction was reversed, contributing to the higher cost.
The Ministry of Energy and Infrastructure announced a significant increase in regulated fuel prices, effective midnight between Wednesday and Thursday, October 1st, 2026. This marks the highest price for a liter of gasoline in Israel's history, placing a heavy burden on Israeli drivers.
The maximum price for a liter of 95-octane unleaded gasoline at self-service stations will now be NIS 8.27, an increase of 52 agorot from the previous update. The additional charge for full service remains unchanged at 26 agorot per liter. In Eilat, where VAT is not applied, the maximum price for a liter of 95-octane unleaded gasoline at self-service stations will be NIS 7.01, a rise of 44 agorot. The full-service surcharge in Eilat is 22 agorot per liter, also unchanged.
The Fuel and Gas Administration attributes the price hike to global energy market developments, specifically a roughly 13% increase in international gasoline prices. This surge is linked to rising global oil prices and ongoing concerns about potential disruptions to oil supply and the stability of the global energy market. Additionally, a nearly 3% strengthening of the dollar against other currencies has contributed to the increased fuel cost in Israel.
The new price includes the restoration of a 50 agorot per liter excise tax, which had been temporarily reduced by a special order from September 7th, 2026, until the end of October 2026.
Read the original at Ice
