Price of gasoline to drop to NIS 6.85 per liter on January 1 — a 2-year low

By Sharon Wrobel

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30 December 2025, 7:18 pm

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Sharon Wrobel is a tech reporter for The Times of Israel

People fill up their gas tanks at a Sonol gas station, in Mevasseret Zion, May 22, 2023. (Yossi Aloni/FLASH90)

On January 1, the price of gasoline in Israel will fall below NIS 7 per liter for the first time in two years, the Energy Ministry announces.

As of Thursday, Israelis will pay NIS 6.85 ($2.16) per liter of gasoline at the self-service pump, down 3.66 percent, or 26 agorot (about 7 cents) from the price in December.

The Energy Ministry attributes the decline to a 11% drop in global gasoline prices in the Mediterranean region, a decrease in demand for gasoline, and a slide in the geopolitical risk premium, as well as changes in the shekel-dollar exchange rate.

The price of gasoline is determined by the exchange rate between the US dollar and the Israeli shekel as well as the price of a barrel of oil.