Israel-Fuel Prices/Surge
Israel-Fuel Prices/Surge
Dateline : March 30/31, 2026/File
Location : Israel
Duration : 1'02
FILE: Jerusalem - April 2019 (CCTV - No access Chinese mainland)
1. Various of building of Israeli Knesset, traffic
FILE: Israel - Nov 1, 2022 (CCTV - No access Chinese mainland)
2. Israeli Parliament Knesset, national flag of Israel
FILE: Tel Aviv, Israel - April 7-8, 2019 (CCTV - No access Chinese mainland)
3. Various of buildings, traffic
Tehran, Iran - March 31, 2026 (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
4. Various of smoke rising after explosions, buildings
FILE: Tehran, Iran - Jan 21, 2026 (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
5. National flag of Iran
FILE: Tehran, Iran - Jan 30, 2026 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
6. National flags of Iran
FILE: Tehran, Iran - Date Unknown (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
7. Various of national flags of Iran
FILE: Strait of Hormuz - 2011 (CCTV - No No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
8. Aerial shot of island at Strait of Hormuz
9. Boats sailing through Strait of Hormuz
Israel has moved to hike up fuel costs starting Wednesday, setting the highest prices in nearly four years, as the impact of the U.S.-Israeli war with Iran sees global oil prices soar.
The country's Energy Ministry announced Monday that starting from April 1, the price of unleaded 95-octane gasoline would rise to 8.05 shekels (over 2.5 U.S. dollars) per liter, up from 7.02 shekels, representing a 14.7 percent increase.
The ministry said the hike was necessitated by a nearly 50 percent rise in fuel prices across Mediterranean countries, amid higher global oil costs linked to the ongoing war with Iran and concerns over the disruption to shipping through the Strait of Hormuz -- a vital passageway that carries about one-quarter of global seaborne oil trade.
In addition, the ministry said the exchange rate for the shekel also rose slightly by about 2 percent, which has pushed up Israel's import costs and further contributed to the increase in fuel prices.
Gasoline prices at Israeli gas stations are set by the Energy Ministry at the end of each month, based on the average fuel prices in the Mediterranean region and the exchange rate of the local currency.
The new price is the highest for more than three and a half years, with ministry figures showing the last peak was 8.08 shekels per liter in July 2022.
Israeli public broadcaster Kan TV News reported that the government is considering intervening to lower prices by cutting the excise tax. The finance ministry is opposed to the move, however, citing increased spending tied to the war and the need to preserve fuel tax revenues.
The conflict erupted on Feb. 28 when Israel and the United States launched joint attacks on the Iranian capital Tehran and several other cities, killing Iran's then Supreme Leader Ali Khamenei, along with senior military commanders and civilians. Iran has responded by launching waves of missile and drone strikes targeting Israel and U.S. bases and assets in the Middle East.
ID : 8472846
Published : 2026-04-01 16:39
Last Modified : 2026-04-01 20:21:32
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : See shotlist
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