Iceland Diesel prices, 05-May-2025
The current price of diesel fuel in Iceland is ISK 322.04 per liter or USD 2.49 per liter based on the latest update from 05-May-2025.
For comparison, the world average diesel price is USD 1.13 per liter.
Iceland |
Diesel prices |
|---|---|
| Current price | 2.49 |
| Measure | USD/Liter |
| Last update | 2025-05-05 |
| Data availability from | 2015-05-25 |
| Data frequency | Weekly |
We show diesel price data for Iceland
from 2015-05-25 to 2025-05-05.
The average diesel price during that period is ISK 243.92
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.
Diesel prices |
Price (ISK/Liter) | Percent change |
|---|---|---|
| Current price | 322.04 | - |
| One month ago | 322.06 | -0.0 % |
| Three months ago | 326.07 | -1.2 % |
| One year ago | 319.30 | 0.9 % |
Iceland Diesel prices: The last eight weeks
Iceland Diesel prices, liter, Icelandic Krona
* A long flat line means that the government fixes the prices.
Iceland: Diesel price analytics |
Value |
|---|---|
| Percent of world average diesel price | 191.47% |
| Correlation with crude oil prices | 0.49 |
| Percent change if oil prices increase 10% | 2.72% |
| Correlation with USD exchange rate | -0.87 |
| Price flexibility index: 0 (low) - 1 (high) | 0.81 |
| Correlation with gasoline prices | 0.99 |
| Percent of gasoline price | 104.31% |
| Cost of 40 liter tank, percent of income | 1.60% |
| Diesel consumption, percent of income | 1.25% |
Updated monthly. Methodological notes
