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.

Download data API Forecast


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: The last eight weeks

Iceland Diesel prices, liter, Icelandic Krona


Iceland Diesel prices: Historical graph; 2015-05-25-2025-05-05
* 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
This site uses cookies.
Learn more here


OK