Israel's energy sector estimated a sharp rise in fuel prices due to disruptions in the Strait of Hormuz, before Israel officially announced raising the maximum price of 95-octane gasoline to 8.27 shekels per liter starting October 1, 2026. The new price exceeds the previous record of 8.25 shekels per liter set in September 2012, amid rising global oil prices and fears of supply disruption against the backdrop of the Iran war.
One source focused on energy-sector estimates, the expected increase range (25 to 40 agorot) and the Strait of Hormuz disruptions before the official announcement; a second focused on the official announcement, comparing the new price with the previous record set in 2012 and noting the continuation of the tax cut; while a third addressed the political and cost-of-living dimension of the increase and linked it to the upcoming Knesset elections.