Israel Cuts July 2026 Gasoline Prices by 32 Agorot Amid Global Market Changes

The Israeli Ministry of Energy and Infrastructure announced a significant reduction in gasoline prices for July 2026, effective from midnight between Tuesday and Wednesday. The maximum price for a liter of 95-octane gasoline at self-service stations will drop by 32 agorot to 7.48 shekels, including VAT. Full-service customers will continue to pay an additional 25 agorot per liter, unchanged from the previous update. In Eilat, the price for self-service 95-octane gasoline will not exceed 6.34 shekels per liter, a decrease of 27 agorot, with a 21 agorot surcharge for full service excluding VAT.

Bezev Abuhatzira, head of the Fuel and Gas Administration at the Ministry, explained that this is the largest monthly price drop in the past three months, with a total reduction of 59 agorot per liter since April. The main cause is the weakening of international gasoline prices due to a decline in risk premiums and easing concerns about disruptions in global oil supply. However, the strengthening of the US dollar by about 6% against the shekel partially offset the price decrease for Israeli consumers. International gasoline prices fell approximately 16%, contributing to the overall price reduction.

This price adjustment reflects ongoing fluctuations in global energy markets and currency exchange rates, impacting fuel costs in Israel. Consumers can expect the new prices to be in effect starting early July 2026.