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Israel Raises Gas Prices Amid Surge in Oil Costs

3/31/2026

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Story summary
  • Israel will raise 95 octane gasoline starting April 1, 2026, by NIS 1.08 to NIS 8.05 per liter, linked to oil prices from the Roaring Lion Operation in Iran.
  • Brent crude rose from $70 to $110 per barrel, fueling the price increase.
  • Electric vehicle market share reached 18% this month, driven by Tesla deliveries.
  • 10,000 new cars were registered in March despite the ongoing war.