Iceland Gasoline prices, 19-May-2025
The current gasoline price in Iceland is ISK 306.80 per liter or USD 2.37 per liter and was updated on 19-May-2025.
For comparison, the average price of gasoline in the world is USD 1.18 per liter.
Iceland |
Gasoline prices |
|---|---|
| Current price | 2.37 |
| Measure | USD/Liter |
| Last update | 2025-05-19 |
| Data availability from | 2015-06-08 |
| Data frequency | Weekly |
We show Octane-95 gasoline price data for Iceland
from 2015-06-08 to 2025-05-19.
The average gasoline price during that period is ISK 250.03
per liter with a minimum of
ISK 186.40 on 2016-02-22 and a maximum of
ISK 345.71 on 2022-06-13.
Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources.
We update the series for Iceland every week.
Gasoline prices |
Price (ISK/Liter) | Percent change |
|---|---|---|
| Current price | 306.80 | - |
| One month ago | 308.98 | -0.7 % |
| Three months ago | 315.09 | -2.6 % |
| One year ago | 315.35 | -2.7 % |
Iceland Gasoline prices: The last eight weeks
Iceland Gasoline prices, liter, Icelandic Krona
* A long flat line means that the government fixes the prices.
Iceland: Gasoline price analytics |
Value |
|---|---|
| Percent of world average gasoline price | 174.14% |
| Correlation with crude oil prices | 0.56 |
| Percent change if oil prices increase 10% | 2.37% |
| Correlation with USD exchange rate | -0.84 |
| Price flexibility index: 0 (low) - 1 (high) | 0.75 |
| Correlation with diesel fuel prices | 0.99 |
| Percent of diesel price | 95.87% |
| Cost of 40 liter tank, percent of income | 1.53% |
| Gasoline consumption, percent of income | 1.20% |
Updated monthly. Methodological notes
