Israel Raises Gasoline Prices by 61 Agorot Amid Global Oil Surge and Currency Shift

First reported by Arutz Sheva · 6 hours ago

What happened

Israel is raising gasoline prices by 61 agorot to 8.09 shekels per liter due to a global oil price surge and a stronger dollar. Taxes make up a large part of the cost, generating significant state revenue. The government cannot reduce fuel taxes during the election period, and the price hike is expected to impact inflation and monetary policy.

• 01Gasoline price in Israel rises 61 agorot to 8.09 shekels per liter starting Saturday midnight.
• 02Price hike caused by 22% global gasoline price increase and 1.9% stronger US dollar.
• 03Excise tax and VAT form the largest part of the fuel price, with excise tax at 3.61 shekels per liter.
• 04State earned about 21.5 billion shekels from fuel excise tax in 2021, up from 13 billion previously.
• 05Government cannot cut fuel taxes now due to election restrictions, unlike past tax reductions in 2012 and 2022.
• 06Fuel price rise expected to increase inflation by 0.4% and reduce chances of Bank of Israel rate cuts soon.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

Full coverage · 13 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

YnetCenter · Hebrew1 hour ago

Israel Raises Gasoline Prices by 61 Agorot Amid Global Oil Surge and Currency Shift

CalcalistUnrated · Hebrew4 hours ago

Energy Ministry Raises Fuel Prices by Over 60 Agorot, Practical Tips Offered to Save Money

Kikar HaShabbatRight · Hebrew5 hours ago

Israel Raises Gasoline Prices by 61 Agorot Starting Saturday Midnight

Channel 13Center · Hebrew5 hours ago

Fuel Prices Surge Past 8 Shekels Per Liter Starting Sunday Midnight

N12Center · Hebrew6 hours ago

Israel Raises Gasoline Prices by 61 Agorot Starting August Amid Global Market Turmoil

MakoCenter · Hebrew6 hours ago

Fuel Prices Surge by 61 Agorot in Israel Starting August

SrugimRight · Hebrew6 hours ago

Israeli Fuel Prices Set to Rise Dramatically Starting Next Week

Kan NewsCenter · Hebrew6 hours ago

Fuel Prices in Israel Rise Above 8 Shekels Per Liter Starting Sunday

Behadrei HaredimRight · Hebrew6 hours ago

Israel Raises Regulated Gasoline Prices by Over 60 Agorot Per Liter Starting August 2

WallaCenter · Hebrew6 hours ago

Israel Sees Sharp Fuel Price Surge to Over 8 Shekels per Liter

Now 14Right · Hebrew6 hours ago

Israel Sees Fuel Prices Rise Above 8 Shekels Per Liter Starting Sunday

YnetCenter · Hebrew6 hours ago

Israel Raises Gasoline Prices by 61 Agorot to 8.09 Shekels Per Liter Starting Saturday Midnight

YnetCenter · Hebrew6 hours ago

Fuel Prices in Israel Set to Rise by 61 Agorot Starting Saturday Midnight

GlobesUnrated · Hebrew6 hours ago

Israel Raises Regulated Fuel Prices Above 8 Shekels Per Liter in August

CalcalistUnrated · Hebrew6 hours ago

Fuel Prices in Israel Surge Above 8 Shekels Per Liter Starting Saturday Night

Arutz ShevaRight · Hebrew6 hours ago

Fuel Prices Surge by 61 Agorot Per Liter Starting Early August in Israel

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