diff --git a/packages/web3-common/src/eth_execution_api.ts b/packages/web3-common/src/eth_execution_api.ts
index 97d37b40d8c..f6a21e1d1cc 100644
--- a/packages/web3-common/src/eth_execution_api.ts
+++ b/packages/web3-common/src/eth_execution_api.ts
@@ -158,6 +158,7 @@ export interface ReceiptInfo {
 	readonly logsBloom: HexString256Bytes;
 	readonly root: HexString32Bytes;
 	readonly status: '0x1' | '0x0';
+	readonly effectiveGasPrice: Uint;
 }
 
 // https://github.com/ethereum/execution-apis/blob/main/src/schemas/client.json#L2
diff --git a/packages/web3-common/src/formatters.ts b/packages/web3-common/src/formatters.ts
index 7d2ef67f9e7..7c36bbcb21e 100644
--- a/packages/web3-common/src/formatters.ts
+++ b/packages/web3-common/src/formatters.ts
@@ -358,6 +358,10 @@ export const outputTransactionReceiptFormatter = (receipt: ReceiptInput): Receip
 		modifiedReceipt.logs = receipt.logs.map(outputLogFormatter);
 	}
 
+	if (receipt.effectiveGasPrice) {
+		modifiedReceipt.effectiveGasPrice = hexToNumber(receipt.effectiveGasPrice);
+	}
+
 	if (receipt.contractAddress) {
 		modifiedReceipt.contractAddress = toChecksumAddress(receipt.contractAddress);
 	}
diff --git a/packages/web3-common/src/types.ts b/packages/web3-common/src/types.ts
index ed173d6a521..912ed248939 100644
--- a/packages/web3-common/src/types.ts
+++ b/packages/web3-common/src/types.ts
@@ -174,6 +174,7 @@ export interface ReceiptInput {
 	readonly logs?: LogsInput[];
 	readonly contractAddress?: HexString;
 	readonly status?: string;
+	readonly effectiveGasPrice?: HexString;
 }
 
 export interface ReceiptOutput {
@@ -184,6 +185,7 @@ export interface ReceiptOutput {
 	readonly logs?: LogsOutput[];
 	readonly contractAddress?: HexString;
 	readonly status: boolean;
+	readonly effectiveGasPrice?: bigint | number;
 }
 
 export interface PostInput {
diff --git a/packages/web3-common/test/unit/formatters.test.ts b/packages/web3-common/test/unit/formatters.test.ts
index 35158f4d55e..fa9737fe182 100644
--- a/packages/web3-common/test/unit/formatters.test.ts
+++ b/packages/web3-common/test/unit/formatters.test.ts
@@ -391,6 +391,20 @@ describe('formatters', () => {
 
 			expect(result.status).toBeFalsy();
 		});
+
+		it('should convert "effectiveGasPrice" from hex to number', () => {
+			const effectiveGasPrice = '0x80d9594d23495b';
+
+			const result = outputTransactionReceiptFormatter({
+				...validReceipt,
+				effectiveGasPrice,
+			});
+
+			expect(utils.hexToNumber).toHaveBeenCalledWith(effectiveGasPrice);
+			expect(result).toEqual(
+				expect.objectContaining({ effectiveGasPrice: hexToNumberResult }),
+			);
+		});
 	});
 
 	describe('outputBlockFormatter', () => {
diff --git a/packages/web3-eth/src/convertible_properties.ts b/packages/web3-eth/src/convertible_properties.ts
index cf6dc9775b2..f836f165716 100644
--- a/packages/web3-eth/src/convertible_properties.ts
+++ b/packages/web3-eth/src/convertible_properties.ts
@@ -35,6 +35,7 @@ export const convertibleReceiptInfoProperties: (keyof ReceiptInfo)[] = [
 	'cumulativeGasUsed',
 	'gasUsed',
 	'status',
+	'effectiveGasPrice',
 ];
 
 export const convertibleFeeHistoryResultProperties: (keyof FeeHistoryResult)[] = [
diff --git a/packages/web3-eth/src/types.ts b/packages/web3-eth/src/types.ts
index a7b41b1000c..af0aa6b146b 100644
--- a/packages/web3-eth/src/types.ts
+++ b/packages/web3-eth/src/types.ts
@@ -205,6 +205,7 @@ export interface ReceiptInfoFormatted<
 	readonly logsBloom: HexString256Bytes;
 	readonly root: HexString32Bytes;
 	readonly status: ReturnType;
+	readonly effectiveGasPrice: ReturnType;
 }
 
 export interface BlockFormatted<
diff --git a/packages/web3-eth/test/fixtures/rpc_methods_wrappers.ts b/packages/web3-eth/test/fixtures/rpc_methods_wrappers.ts
index d400a3d84fd..204c31bc216 100644
--- a/packages/web3-eth/test/fixtures/rpc_methods_wrappers.ts
+++ b/packages/web3-eth/test/fixtures/rpc_methods_wrappers.ts
@@ -1339,6 +1339,7 @@ const receiptInfo: ReceiptInfo = {
 	logsBloom: '0xe21194c9509beb01be7e90c2bcefff2804cd85836ae12134f22ad4acda0fc547',
 	root: '0xe21194c9509beb01be7e90c2bcefff2804cd85836ae12134f22ad4acda0fc547',
 	status: '0x1',
+	effectiveGasPrice: '0x4dc4', // 19908
 };
 const receiptInfoNumberString: ReceiptInfoFormatted<ValidTypes.NumberString> = {
 	...receiptInfo,
@@ -1347,6 +1348,7 @@ const receiptInfoNumberString: ReceiptInfoFormatted<ValidTypes.NumberString> = {
 	cumulativeGasUsed: '13244',
 	gasUsed: '1244',
 	status: '1',
+	effectiveGasPrice: '19908',
 };
 const receiptInfoNumber: ReceiptInfoFormatted<ValidTypes.Number> = {
 	...receiptInfo,
@@ -1355,6 +1357,7 @@ const receiptInfoNumber: ReceiptInfoFormatted<ValidTypes.Number> = {
 	cumulativeGasUsed: 13244,
 	gasUsed: 1244,
 	status: 1,
+	effectiveGasPrice: 19908,
 };
 const receiptInfoBigInt: ReceiptInfoFormatted<ValidTypes.BigInt> = {
 	...receiptInfo,
@@ -1363,6 +1366,7 @@ const receiptInfoBigInt: ReceiptInfoFormatted<ValidTypes.BigInt> = {
 	cumulativeGasUsed: BigInt('13244'),
 	gasUsed: BigInt('1244'),
 	status: BigInt('1'),
+	effectiveGasPrice: BigInt('19908'),
 };
 /**
  * Array consists of: