Sunday, 18 Oct 2026 18 Shawwal 2026 AH Beirut
📰 3 sources 3 articles · 28 Sep 2026, 10:22 → 19 days ago

Israel raises gasoline price to a record high amid the Iran war and Strait of Hormuz disruption

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.

📍 Where things stand: The new maximum price for 95-octane gasoline of 8.27 shekels per liter takes effect from midnight Wednesday to Thursday, October 1, amid expectations that the increase will become a cost-of-living issue ahead of the Knesset elections scheduled for October 27.

⏱️ Timeline

  1. 28 Sep 2026, 10:22 Sources in Israel's energy sector estimated that fuel prices would rise sharply starting from midnight Wednesday/Thursday as a result of ongoing disruptions in the Strait of Hormuz, indicating an initial increase of between 25 and 40 agorot per liter, which could push the price of a liter of 95-octane gasoline at self-service stations above 8 shekels.
  2. 29 Sep 2026, 14:49 Israel announced raising the maximum price of a liter of 95-octane gasoline to 8.27 shekels ($2.69) at self-service stations, an increase of 52 agorot ($0.17), with the price to take effect from midnight Wednesday to Thursday, the first of October. The new price exceeds the previous record of 8.25 shekels per liter set in September 2012, despite the continuation of the tax cut until the end of October.
  3. 29 Sep 2026, 15:25 Israel announced raising the maximum price of 95-octane gasoline to 8.27 shekels ($2.69) per liter as of October 1, 2026, surpassing the previous record, amid rising global oil prices and fears of supply disruption due to the Iran war. Experts believe the increase could turn into a broader cost-of-living issue ahead of the Knesset elections scheduled for October 27.
Timeline written by AI from the sources below; updated as new reports arrive.

How the sources covered it

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.

AI comparison of what each outlet emphasized. It describes emphasis, not accuracy.
المترجم احمد المقادمةالجزيرة نتآخر خبر

📰 All coverage

📅 2026-09-29
آخر خبر 15:25
Israel: Gasoline prices hit all-time high after Iran war
Israel announced raising the maximum price of 95-octane gasoline to 8.27 shekels ($2.69) per liter starting October 1, 2026, exceeding the previous record, amid rising global oil p…
الجزيرة نت 14:49
Israel: Gasoline prices at an all-time high amid the Iran war
Israel announced raising the maximum price of 95-octane gasoline to 8.27 shekels ($2.69) per liter at self-service stations, an increase of 52 agorot ($0.17), effective from midnig…
📅 2026-09-28
المترجم احمد المقادمة 10:22
Estimates: Sharp rise in fuel prices in Israel due to Strait of Hormuz disruptions
Estimates from Israel's energy sector indicate that fuel prices will rise sharply starting midnight Wednesday/Thursday due to ongoing disruptions in the Strait of Hormuz. Initial e…