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Full coverage· Economy· Updated

Israel Sees Significant Drop in Fuel Prices Following US-Iran Ceasefire Agreement

Israel's fuel prices are falling significantly due to a US-Iran ceasefire that lowered global oil prices, with the Energy Ministry setting new reduced price caps effective Wednesday. Despite a stronger dollar and high taxes, consumers benefit from the largest monthly fuel price drop in recent months.

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Israel Sees Significant Drop in Fuel Prices Following US-Iran Ceasefire Agreement
Illustration by baba

What happened

  1. 01Israel's fuel price cap drops to 7.48 shekels per liter after US-Iran ceasefire.
  2. 02Global oil prices fell 16.4% following the ceasefire and tanker releases in the Persian Gulf.
  3. 03Full-service fuel surcharge remains unchanged at 25 agorot per liter.
  4. 04Taxes constitute 63% of the final fuel price, totaling 4.75 shekels per liter.
  5. 05Energy Ministry urges consumers to compare prices for better deals.
  6. 06Largest monthly fuel price drop in three months, totaling 59 agorot since April.
Translated and summarized by baba from Srugim, the latest report. Read Srugim’s original

The coverage

10 newsrooms on this story

Who covered it

  • LeftNone
  • Centre4
  • Right2
  • Haredi2
  • ArabNone
  • Other2

How it broke

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