Gas prices set to spike to highest price in nearly 4 years at midnight amid Iran war

By Sharon Wrobel

You will receive email alerts from this author. Manage alert preferences on your profile page

You will no longer receive email alerts from this author. Manage alert preferences on your profile page

31 March 2026, 3:52 pm

Edit

Sharon Wrobel is a tech reporter for The Times of Israel

Illustrative: Delek Israel gas station in Haifa. (Livinus/iStock)

At midnight between Tuesday and Wednesday, the price of gasoline in Israel will jump above NIS 8 per liter for the first time since July 2022, the Energy Ministry announces.

As of April 1, Israelis will pay NIS 8.05 per liter ($9.63 per gallon) of gasoline at the self-service pump, up 14.7 percent, or NIS 1.03 (33 cents per liter) higher than the price in March.

The Energy Ministry attributes the surge to a 49% increase in gasoline prices in the Mediterranean region, as global oil prices spike due to the war with Iran, as well as to changes in the shekel-dollar exchange rate.