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Full coverage· Economy· Updated

Fuel Prices Surge in Israel Amid War Costs and Market Volatility

Gasoline prices in Israel are reaching a record high of 8.27 shekels per liter due to global oil market volatility and regional conflicts. The government is considering further subsidies, but concerns remain about the long-term economic impact of war financing.

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Fuel Prices Surge in Israel Amid War Costs and Market Volatility
Illustration by baba

What happened

  1. 01Gasoline prices in Israel will rise to a record 8.27 shekels per liter.
  2. 02Global tensions, oil supply disruptions, and a strong dollar are driving the increase.
  3. 03A temporary tax cut expires end of October, potentially raising prices further.
  4. 04Government considers additional subsidies amid rising war costs and debt.
  5. 05Expert warns of sustained pressure on fuel prices and the economy.
Translated and summarized by baba from Al-Shams, the latest report. Read Al-Shams’s original

The coverage

13 newsrooms on this story

Who covered it

  • Left1
  • Centre3
  • Right1
  • Haredi1
  • Arab2
  • Other5

How it broke

See which of the 13 newsrooms broke it, and who waited