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Story summary
- Gasoline prices in Israel will rise to NIS 8.05 per liter on April 1, 2026.
- The rise is linked to a 49% surge in Mediterranean gasoline prices due to the war with Iran.
- The Ministry attributes the rise to global oil prices and exchange-rate fluctuations, citing Israel's 70% reliance on domestic natural gas for electricity generation.
- The conflict has suspended operations at gas fields and reduced exports.
