New fuel prices in Israel from October 1
From October 1, 2026, Israel has set a new historical maximum for gasoline prices: the price of a liter of 95-octane fuel at self-service stations rose by 52 agorot, to 8.27 shekels. In Eilat, the price reached 7.01 shekels. In early September, Finance Minister Bezalel Smotrich temporarily reduced the excise tax by 50 agorot, fixing the price at 7.75 shekels, but the relief ended. Smotrich ordered the development of new subsidy mechanisms, but they were not implemented by October 1. The price increase is linked to the global rise in oil product costs and currency exchange rate dynamics.
From October 1, 2026, Israeli motorists faced a record increase in fuel prices. The maximum price for a liter of 95-octane gasoline at self-service stations jumped by 52 agorot, reaching 8.27 shekels—an all-time high. In Eilat, within the duty-free zone, the price rose to 7.01 shekels. The additional service fee at gas stations remained at 26 agorot per liter. In early September, Finance Minister Bezalel Smotrich attempted to curb the rise by urgently reducing the excise tax by 50 agorot per liter, temporarily fixing the price at 7.75 shekels. However, the relief ended, and the new wave of price increases required an urgent response. A few days before the increase, Smotrich instructed finance ministry specialists to develop additional subsidy mechanisms, but they were not implemented by October 1. Experts link the price surge to the global rise in oil product costs on international markets and the dynamics of the national currency exchange rate. The article does not analyze how the shekel exchange rate specifically affected pricing, nor does it include opinions from independent economists or consumer organizations.