(haipo) A 61-cent increase in the price of gasoline within a month. Starting August 2, a liter of 95-octane gasoline at self-service stations will increase in price to 8.09 shekels. In Eilat, the price will be 6.85 shekels per liter.
Fuel prices in Israel will increase significantly at the beginning of August. The Ministry of Energy and Infrastructure announced today (Thursday, 7/30/26) that starting at midnight between Saturday and Sunday, August 2, 2026, the prices of fuel products that are under supervision and sold to consumers at gas stations will be updated.
The maximum price per liter of unleaded 95 octane gasoline for self-fueling will be 8.09 shekels per liter, including VAT. This is an increase of 61 agorats per liter, compared to the previous price of 7.48 shekels. This is an increase of approximately 8.16%.
Drivers who choose to refuel through a full-service station will pay an additional 25 cents per liter, bringing the price to 8.34 shekels per liter. This increase remains unchanged from the previous update. Eilat will also see a price increase. The maximum price per liter of 95 gasoline at self-fueling stations will increase from 6.34 shekels to 6.85 shekels per liter, an increase of 51 cents or 8.04%. For full-service refueling, the price will be 7.06 shekels per liter, compared to 6.55 shekels today.
Why is fuel getting more expensive?
According to the Ministry of Energy and Infrastructure, the price of gasoline in Israel is determined according to a formula that includes the international price of fuel in the Mediterranean basin, the marketing expense basket, excise tax, and VAT. The international price is calculated based on the average of fuel prices in the five trading days preceding the last two working days of the previous month.
In the current update, there was a significant increase in the international price of fuel products, alongside a 1.9% increase in the representative exchange rate, which stood at 3.058 shekels per dollar, compared to 3.001 shekels in the previous update. In detailing the components of the price per liter of gasoline, the total price before the marketing basket, excise tax and VAT stands at approximately 2.60 shekels. The marketing expenses basket stands at 64 agorot, the excise tax at 3.61 shekels and the VAT amounts to 1.24 shekels. Ultimately, the price to the consumer comes to 8.09 shekels per liter.
The price increase is not limited to gasoline: The Energy Ministry document also shows sharp increases in fuel oil prices at the refinery rate, with the price of light fuel oil with a sulfur content of 1% increasing by approximately 29.54% in shekels compared to the previous update.
The Ministry of Energy and Infrastructure recommends that drivers compare prices between gas stations and choose the station that is most affordable for them. The new price will go into effect on the night between Saturday and Sunday, August 2, 2026.