Fuel prices in Iceland · 2026-08-31
Fuel prices in Iceland · 2026-08-31The answer, in full — and where it comes from
As of 31 August 2026, petrol 95 in Iceland averages ISK 246/L, the national average. That is €1.75/L at the 2026-09-08 ECB reference rate. Source: European fuel price aggregation, OpenVan.camp (a third-party aggregator, published weekly). Retrieved by FuelWide on 9 September 2026.
Diesel in Iceland averages ISK 280/L.
- Price:
- ISK 246/L
- Fuel:
- Petrol 95
- Price basis:
- National average
- Applies to:
- Iceland (national level)
- Measured:
- 2026-08-31
- Retrieved:
- 2026-09-09
- Source:
- OpenVan.camp — a third-party aggregator
European fuel price aggregation · Prices for this market aggregated by OpenVan.camp · How we measure this
- Cheaper than 22 of the other 41 European markets we track this week
- 0.9% below the European median of €1.77/L
- For context, European prices as a whole are broadly stable over the last 4 weeks
Iceland price movement · since 2026-08-24
9 weeks trackedThe EU Weekly Oil Bulletin surveys the 27 member states, and Iceland is not among them, so per-country movement is measured from our own weekly archive, which began in July 2026 and lengthens every week.
Petrol 95 across Europe · Iceland highlighted
- Malta€1.34
- Sweden€1.47
- Poland€1.53
- North Macedonia€1.53
- Bosnia and Herzegovina€1.56
- Kosovo€1.57
- Bulgaria€1.57
- Moldova€1.59
- Cyprus€1.60
- Ukraine€1.61
- Slovenia€1.62
- Andorra€1.62
- Hungary€1.64
- Montenegro€1.67
- Serbia€1.72
- Croatia€1.72
- Spain€1.73
- Czechia€1.74
- Luxembourg€1.75
- Iceland€1.75
- Slovakia€1.75
- Austria€1.78
- Lithuania€1.79
- Estonia€1.81
- Romania€1.81
- Ireland€1.84
- Latvia€1.84
- Belgium€1.89
- United Kingdom€1.92
- Portugal€2.01
- Italy€2.02
- Greece€2.05
- France€2.07
- Switzerland€2.08
- Norway€2.11
- Liechtenstein€2.11
- Monaco€2.17
- Finland€2.20
- Albania€2.21
- Germany€2.24
- Netherlands€2.35
- Denmark€2.52
Frequently asked questions
How much does petrol cost in Iceland?
As of the week of 2026-08-31, petrol 95 in Iceland costs €1.75 per litre on average ($7.70 per US gallon), based on OpenVan.camp — European fuel price aggregation.
How much does diesel cost in Iceland?
Diesel in Iceland averaged €2.00 per litre as of the week of 2026-08-31, ranking 26 of 42 European markets from cheapest to most expensive.
Is fuel in Iceland cheaper than the EU average?
Yes — petrol 95 in Iceland is 10.2% cheaper than the EU average of €1.95 per litre.
How much of the fuel price in Iceland is tax?
Tax breakdown is not reported for Iceland as of the week of 2026-08-31.
Citing this data
Cite the original source and check its terms before reusing these figures. Redistribution is not cleared for this market, so an embeddable card is unavailable.
As of 31 August 2026, petrol 95 in Iceland averages ISK 246/L, the national average. That is €1.75/L at the 2026-09-08 ECB reference rate. Source: European fuel price aggregation, OpenVan.camp (a third-party aggregator, published weekly). Retrieved by FuelWide on 9 September 2026. (FuelWide, https://fuelwide.com/fuel-prices/iceland)
Source: FuelWide (fuelwide.com/fuel-prices/iceland)
FuelWide, "Fuel prices in Iceland", https://fuelwide.com/fuel-prices/iceland, accessed 2026-09-09.
Iceland’s prices come from OpenVan.camp and are not served through our API. Who to licence them from →
Why this price is what it is
- Why Europeans Pay Twice as Much for Fuel as AmericansA litre of petrol in Europe can cost roughly double the U.S. equivalent — and it's almost entirely down to tax. Here's the breakdown.
- Fuel Taxes Explained: What You Really Pay Per GallonA big slice of every gallon is tax — but how much, and where does it go? A clear guide to federal, state and European fuel taxes.
- Why Does Diesel Cost More Than Gasoline?Diesel often costs more than petrol despite coming from the same barrel of oil. Taxes, demand, refining and winter heating all play a part — here's how.