Iceland Diesel prices, 09-Dec-2024
The current price of diesel fuel in Iceland is ISK 308.39 per liter or USD 2.23 per liter based on the latest update from 09-Dec-2024.
For comparison, the world average diesel price is USD 1.11 per liter.
Iceland |
Diesel prices |
|---|---|
| Current price | 2.23 |
| Measure | USD/Liter |
| Last update | 2024-12-09 |
| Data availability from | 2014-12-29 |
| Data frequency | Weekly |
We show diesel price data for Iceland
from 2014-12-29 to 2024-12-09.
The average diesel price during that period is ISK 239.32
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 | 308.39 | - |
| One month ago | 309.48 | -0.4 % |
| Three months ago | 309.35 | -0.3 % |
| One year ago | 315.42 | -2.2 % |
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 | 185.25% |
| Correlation with crude oil prices | 0.73 |
| Percent change if oil prices increase 10% | 3.01% |
| Correlation with USD exchange rate | -0.60 |
| Price flexibility index: 0 (low) - 1 (high) | 0.81 |
| Correlation with gasoline prices | 0.99 |
| Percent of gasoline price | 101.19% |
| Cost of 40 liter tank, percent of income | 1.59% |
| Diesel consumption, percent of income | 1.18% |
Updated monthly. Methodological notes
