Iceland Diesel prices, 15-Apr-2024

The current price of diesel fuel in Iceland is ISK 323.30 per liter or USD 2.28 per liter based on the latest update from 15-Apr-2024. For comparison, the world average diesel price is USD 1.20 per liter.
Diesel prices
 Current price 2.28
 Measure USD/Liter
 Last update 2024-04-15
 Data availability from 2014-05-05
 Data frequency Weekly

We show diesel price data for Iceland from 2014-05-05 to 2024-04-15. The average diesel price during that period is ISK 234.07 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 323.30 -
 One month ago 322.28 0.3 %
 Three months ago 318.98 1.4 %
 One year ago 313.42 3.2 %

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; 2014-05-05-2024-04-15
* A long flat line means that the government fixes the prices.
Iceland: Diesel price analytics
Correlation with crude oil prices     0.74
Correlation with gasoline prices     0.99
Diesel / world average diesel price     1.77
Diesel / gasoline price     1.03
Cost of 40 liter tank, percent of income     1.65 %
Diesel consumption, percent of income     1.22 %
Updated monthly. Methodological notes
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