Israeli Gasoline Prices Drop Sharply Starting Tuesday Night
Translated & summarized from Globes by baba
Israel's Ministry of Energy announces a sharp gasoline price cut effective June 30, lowering 95-octane unleaded fuel prices by up to 32 agorot per liter due to falling international prices and eased supply concerns.
The story in 6 lines · by baba
- Israel cuts 95-octane gasoline prices by 32 agorot per liter starting June 30.
- Full-service surcharge remains unchanged at 25 agorot per liter including VAT.
- Eilat sees a 27-agorot price drop excluding VAT for self-service gasoline.
- Price drop driven by 16% fall in international gasoline prices and eased supply fears.
- US dollar's 6% rise against shekel slightly offsets consumer price reductions.
- Ministry urges consumers to compare prices and choose cheaper gas stations.
The Fuel and Gas Administration at Israel's Ministry of Energy and Infrastructure announced a significant reduction in regulated fuel prices effective midnight between Tuesday and Wednesday (June 30 to July 1, 2026). The maximum retail price for a liter of 95-octane unleaded gasoline at self-service stations will be capped at 7.48 shekels, a decrease of 32 agorot from the previous update. The surcharge for full-service remains unchanged at 25 agorot per liter, including VAT. In Eilat, the maximum price for the same gasoline type at self-service stations (excluding VAT) will drop by 27 agorot to 6.34 shekels per liter, with the full-service surcharge steady at 21 agorot (excluding VAT).
Batsheva Abuhatzira, head of the Fuel and Gas Administration, highlighted that this month's 32-agorot drop is the largest monthly decrease in the past three months, bringing the total reduction since April to 59 agorot per liter. The price decline mainly stems from weakening international gasoline prices due to reduced risk premiums in energy markets and easing concerns about global oil supply disruptions, resulting in an approximate 16% fall in international gasoline prices. However, a roughly 6% strengthening of the US dollar against the shekel partially offset the price drop for consumers.
The Ministry of Energy and Infrastructure urged consumers to compare prices across gas stations and choose the most cost-effective options. This update reflects ongoing efforts to regulate fuel prices in line with global market trends and currency fluctuations.
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