Retail Pump Prices — Iceland USD / LITER

Fuel Type	USD / Liter	ISK / Liter	vs World Avg
⛽ Gasoline (Petrol)	$1.990	kr 1.990	+32.4%
🚛 Diesel	$2.340	kr 2.340	+55.7%
🔵 LPG / Autogas	N/A	—
⚡ Electric (kWh)	$0.211	kr 0.211
⚡ Electric Business (kWh)	$0.104	kr 0.104
🔥 Natural Gas (m³)	N/A	—
🔥 Natural Gas Business (m³)	N/A	—
💧 Kerosene	N/A	—
🌡 Heating Oil	N/A	—

Fuel Affordability Index GASOLINE · AVG WAGE

4.8

minutes of work per liter

39.8%

of daily income for a full tank (40L)

3.18

hours of work for a full tank (40L)

Based on average monthly wage of $4,400 USD. Gasoline price: $1.990/L.

About Fuel Prices in Iceland

As of 2026-05-02, the retail price of gasoline in Iceland is $1.990 per liter, and diesel costs $2.340 per liter. Iceland’s gasoline price is 32.4% above the global average of $1.503 per liter. Electricity for EV charging costs $0.211 per kWh.

All prices reflect the latest weekly pump price surveys from verified market data sources. Local currency amounts (ISK / kr) update automatically with live exchange rates.

Global Commodity Prices & Local Impact BENCHMARK · USD

Commodity	Market Price	Raw Cost	Retail Here	Gov't Factor
🛢 Brent Crude	$108.83 /bbl	$0.804 /L	$1.990	+147.5%
🛢 WTI Crude	$102.50 /bbl	$0.765 /L	$1.990	+160.1%
🔥 Natural Gas	$2.79 /MMBtu	$0.124 /m³	no data	—
⚡ Lithium ETF	$88.72 /share	indirect	$0.211	—
☢ Uranium ETF	$55.84 /share	indirect	$0.211	—

30-Day Commodity Price Effect 30D · PASS-THROUGH

How global commodity swings translated to pump prices here

Commodity	Commodity Δ30D	Retail Δ30D	Pass-Through
🛢 Brent Crude	+13.5%	-0.1%	-1%
🛢 WTI Crude	+4.7%	-0.1%	-2%
🔥 Natural Gas	+4.5%	—	—

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