A new report forecasts a 25-30 agorot increase in the price of gasoline per liter in Israel, citing the surge in global oil prices amid the US-Iran escalation. If the security situation does not change and the dollar remains above 3 shekels, the self-service price of 95 octane gasoline could reach approximately 7.75 shekels per liter, according to the report. The estimate follows an earlier forecast of a 35-agorot rise in August.
The price of a liter of 95-octane self-service gasoline in Israel is expected to rise by 25–30 agorot to approximately 7.75 shekels, according to a new report. The forecast, published Thursday afternoon, is the latest in a series of projections today as global oil prices surge amid the US-Iran conflict.
The Zioneer's published thread shows that at 09:01 Jerusalem, we reported multiple estimates: a 25–30 agorot increase, followed by confirmation of a 30 agorot rise, and a forecast of 35 agorot for August. At 16:47, we highlighted the 35 agorot August projection again. The new report now refines back to the 25–30 agorot range, citing the same drivers—higher oil prices and a dollar exchange rate above 3 shekels.
The evolution of fuel price forecasts comes against a backdrop of sharp oil price swings tied to the US-Iran escalation. The Zioneer previously reported on a 32 agorot drop in fuel prices in late June (Jun 28, 10:58 Jerusalem), and on oil prices ranging from $75 to $93 per barrel over the past month. Brent crude was reported at $88 on July 18 and surged above $93 after President Trump threatened Iran in June.
The forecast remains conditional on geopolitical developments. The report notes that if the security situation does not improve and the Strait of Hormuz remains partially closed, prices could rise further.
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