Israel fuel prices could top NIS 9 per liter as tax cut expires after elections...

Economics and markets | Oct 25, 2026, 11:47 PM

Rising global oil prices linked to expectations of renewed conflict with Iran are projected to push Israeli fuel costs higher.

The scheduled expiration of Finance Minister Smotrich's temporary fuel tax cut on November 3 after the elections adds further upward pressure, with prices potentially exceeding NIS 9 per liter.

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