Gasoline Prices in Israel to Make a Record Leap: Forecast for April 2026

Economic analysts and relevant Israeli authorities are forecasting a sharp increase in the cost of automotive fuel, effective April 1, 2026. According to reporting by the business publication *Globes*, based on calculations by the Institute of Energy and Environment, the maximum price for 95-octane gasoline at self-service stations could rise by more than 12,5 %. While the price remained at 7.02 NIS per liter throughout March of this year, it is highly likely to break the psychological barrier of 8 NIS early next month, reaching a range of 8.10–8.30 NIS.

This dynamic is driven by three key factors, the most decisive being global geopolitical tensions and the escalation of the situation surrounding Iran, which has pushed Brent crude oil prices above $100 per barrel. Additional pressure on the domestic market is being exerted by the weakening of the Israeli shekel against the US dollar, which increases the cost of importing petroleum products. A significant aspect remains the state’s tax policy, as the Ministry of Finance has not yet presented any decisions regarding excise tax reductions that could offset the sharp price hike for the end consumer.

Information regarding the upcoming tariff changes is based on data from economic commentator Idan Eretz of “Globes”, as well as preliminary calculations used by the Israeli Ministry of Energy and Infrastructure for its monthly updates on energy prices. The final official rate will be published by the Ministry in the closing days of March, before the regulation takes effect at midnight on the first of the month.

Reported by Israel Railways Economic and financial news in Israel