(haipo) – The price of gasoline in Israel will drop by 42 cents per liter in early November, and the maximum price per liter of 95-octane gasoline at self-service will be 7.35 shekels. However, the reduction may be temporary: If the excise order is not updated, the price of fuel is expected to rise to 8.35 shekels per liter starting November 5.
How much will it cost to refuel starting November 1?
The Ministry of Energy and Infrastructure announced that on the night between Saturday and Sunday, November 1, 2026, regulated fuel prices will be updated. The maximum price per liter of unleaded 95-octane gasoline for self-fueling will be 7.35 shekels, compared to 7.77 shekels today, a decrease of 42 agorot, or about 5.4%.
Drivers who prefer full-service refueling will pay 7.61 shekels per liter, including a service surcharge of 26 agorot. This surcharge remains unchanged from the previous update.
The discount may be replaced by a sharp increase
Alongside the discount, the Ministry of Energy notes that if the excise order is not updated, the temporary provision relating to the order will expire on the night of November 4 to 5. In such a case, starting on November 5, the maximum price of 95 octane gasoline will be 8.35 shekels per liter.
This means that drivers may only enjoy the discounted price for a few days, before a possible increase of one shekel per liter. The increase is conditional on the excise order not being updated.
And what is the price in Eilat?
In Eilat, where fuel prices do not include VAT, the maximum price per liter of 95 octane gasoline for self-fueling will be 6.23 shekels starting November 1, a decrease of 35 agorot compared to the previous price, which was 6.58 shekels.
At full-service refueling, the price will be 6.45 shekels per liter, including a service surcharge of 22 agorot. In Eilat too, if the excise order is not updated, the maximum price is expected to rise to 7.07 shekels per liter starting November 5.
Why does the price of fuel change?
The price of the regulated gasoline is determined monthly according to the formula established in the Order for the Control of Prices of Commodities and Services. The calculation is based, among other things, on the average of fuel prices in the Mediterranean Basin over five trading days, as well as on the representative exchange rate of the shekel against the dollar.
The price also includes a basket of marketing expenses, excise tax, and value-added tax. In the current update, the decline in the international price of fuel is one of the main factors in reducing the price for the consumer.