Israel Cuts Gasoline Prices by 32 Agorot to 7.48 Shekels Per Liter Starting Wednesday Night
Translated & summarized from Calcalist by baba
Israel will lower the regulated price of 95-octane unleaded gasoline by 32 agorot to 7.48 shekels per liter starting midnight June 30, 2026, due to falling international fuel prices and eased supply concerns. The ministry urges consumers to compare station prices.
The story in 6 lines · by baba
- Israel cuts regulated gasoline price by 32 agorot to 7.48 shekels per liter starting June 30, 2026.
- Full-service surcharge remains unchanged at 25 agorot per liter including VAT.
- Eilat's gasoline price drops by 27 agorot to 6.34 shekels per liter without VAT.
- Price drop is largest in three months, totaling 59 agorot since April.
- International gasoline prices fell 16% due to reduced risk and supply concerns.
- US dollar's 6% rise against shekel partially offset price decrease for consumers.
Starting at midnight between Tuesday and Wednesday (June 30 to July 1, 2026), Israel will reduce the regulated retail price of 95-octane unleaded gasoline sold at self-service stations to a maximum of 7.48 shekels per liter, a decrease of 32 agorot from the previous update. The additional charge for full-service remains unchanged at 25 agorot per liter, including VAT. In Eilat, the maximum price without VAT will drop by 27 agorot to 6.34 shekels per liter, with the full-service surcharge steady at 21 agorot.
Batsheva Abuhatzira, head of the Fuel and Gas Administration at the Ministry of Energy and Infrastructure, noted that this monthly price drop is the largest in the past three months, totaling a 59-agorot decrease since April. The main cause of the reduction is a 16% decline in international gasoline prices, driven by a lower energy market risk premium and easing concerns over potential disruptions in global oil supply. However, a 6% strengthening of the US dollar against the shekel partially offset the price decrease for consumers.
The Ministry of Energy and Infrastructure reminded the public to compare prices among gas stations and choose the most cost-effective option.
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