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