The price of 95-octane gasoline rose at midnight (Sunday–Monday), with the December rate set at 7.11 shekels per liter at self-service stations — an increase of 4 agorot from November’s price of 7.07 shekels.
The full-service surcharge remains unchanged at 25 agorot per liter (including VAT).
In Eilat, where fuel is sold without VAT, the maximum consumer price for a liter of 95 octane will not exceed 6.03 shekels, up 3 agorot from last month. The full-service surcharge there remains 21 agorot, also unchanged.
According to Batsheva Abuhatzira, Director of the Fuel and Gas Administration at the Ministry of Energy and Infrastructure, December’s increase is attributed to two factors:
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3 agorot (approx. 0.42%) due to higher international fuel prices
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1 agora (approx. 0.14%) resulting from the strengthening of the U.S. dollar
Israel’s monthly fuel price is calculated based on a formula that incorporates global oil prices — particularly in the Mediterranean basin — as well as the shekel–dollar exchange rate.
The record high price for 95-octane gasoline in Israel remains 8.25 shekels, reached in September 2012. At that time, public pressure following the 2011 social justice protests prompted then-Prime Minister Benjamin Netanyahu to explore reductions in fuel taxes.
That tax relief was later canceled, but reinstated in 2022 by then–Finance Minister Avigdor Lieberman when fuel prices again surpassed 8 shekels per liter. The temporary tax reduction was ultimately eliminated in early 2024 by current Finance Minister Bezalel Smotrich, citing budgetary strain caused by the ongoing war and rising deficit.
