Israel Cuts Fuel Excise Tax, Gasoline Price to Drop by Half-Shekel
Finance Minister Bezalel Smotrich has ordered a NIS 0.50 cut to Israel's fuel excise tax, dropping gasoline prices to NIS 7.77 per liter.
TPS wire reportTPS
Published by IsraelFM
Jerusalem, 4 October, 2026 (TPS-IL) — Gasoline prices in Israel will fall by NIS 0.50 per liter at midnight Sunday after Finance Minister Bezalel Smotrich signed an order cutting the fuel excise tax. The price will drop from NIS 8.27 ($2.71) to NIS 7.77 ($2.55) per liter, Prime Minister Benjamin Netanyahu’s office said.