Gasoline prices in Israel to fall Thursday night

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Thursday at midnight May 2, 2025, by NIS 0.18 per liter to NIS 7.13 per liter.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall on Thursday at midnight May 2, 2025, by NIS 0.18 per liter to NIS 7.13 per liter, the Ministry of Energy and Infrastructure has announced. The charge for service at pumps will remain unchanged at NIS 0.24 per liter.

Prices are normally revised on the first of each month but because of Independence Day, the higher price will remain in force on Thursday.

The fall in price is mainly due to the fall in the price of a barrel of oil on world markets, although the strengthening of the shekel has also contributed to the price cut.

Since the start of 2025, the maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel has fallen by NIS 0.07 per liter. For the sake of comparison, the most expensive that 95 octane gasoline has been recently was NIS 7.90 in May 2024 and the cheapest was NIS 6.81 in April-May 2023, partly due to a temporary cut in excise tax.

The price of gasoline is calculated by the Ministry of Energy at the end of each month, based on the average oil prices in the Mediterranean region and the shekel-US dollar exchange rate. In addition, the price includes a basket of marketing expenses for the gas station, excise tax, and VAT.

Published by Globes, Israel business news - en.globes.co.il - on April 29, 2025.

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