Iceland Diesel prices, 10-Jun-2024

The current price of diesel fuel in Iceland is ISK 315.30 per liter or USD 2.27 per liter based on the latest update from 10-Jun-2024. For comparison, the world average diesel price is USD 1.16 per liter.
Diesel prices
 Current price 2.27
 Measure USD/Liter
 Last update 2024-06-10
 Data availability from 2014-06-30
 Data frequency Weekly

We show diesel price data for Iceland from 2014-06-30 to 2024-06-10. The average diesel price during that period is ISK 235.35 per liter with a minimum of ISK 169.40 on 2016-02-22 and a maximum of ISK 341.98 on 2022-07-04. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for Iceland every week.

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Diesel prices
Price (ISK/Liter) Percent change
 Current price 315.30 -
 One month ago 319.30 -1.3 %
 Three months ago 322.28 -2.2 %
 One year ago 305.99 3.0 %

Our data on: CNN Bloomberg Reuters

Iceland Diesel prices: The last eight weeks

Iceland Diesel prices: The last eight weeks

Iceland Diesel prices, liter, Icelandic Krona

Iceland Diesel prices: Historical graph; 2014-06-30-2024-06-10
* A long flat line means that the government fixes the prices.
Iceland: Diesel price analytics
Percent of world average diesel price     174.64%
Correlation with crude oil prices     0.74
Percent change if oil prices increase 10%     2.98%
Correlation with USD exchange rate     -0.58
Price flexibility index: 0 (low) - 1 (high)     0.81
Correlation with gasoline prices     0.99
Percent of gasoline price     102.48%
Cost of 40 liter tank, percent of income     1.61%
Diesel consumption, percent of income     1.19%
Updated monthly. Methodological notes
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