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Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices

SECTIONS Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices Reuters · Business · 2026-09-06

Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices

Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices. At $10.41 a gallon, gasoline in Israel is among the highest in the world. Some 44% of the price is Israel's "blu" tax, or its fuel excise tax, which was 3.66 shekels a litre at the start of the month. Brent crude futures closed at their highest level since July 24 on Friday.

Why it matters. Why it matters: Israel cuts fuel tax as US-Iran conflict pushes up gasoline prices.

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