Everything You Need to Know About Petrol Prices & Gas Stations in Iceland

For anyone planning a road trip around Iceland, understanding petrol prices and knowing where to find gas stations is crucial. From the most popular routes, like the Ring Road or Golden Circle, to the more remote Highland F-Road Routes, fuel availability can make or break your journey. Iceland’s petrol prices are among the highest in Europe, and gas stations, while generally reliable, can be few and far between in Iceland’s more rural areas. 

In this guide, we’ll cover all you need to know about gas stations in Iceland, including current gas prices*, how to find fuel stations across the country, and tips for saving money. All this information will allow you to plan the perfect road trip through Iceland, with a trusted rental car to carry you all the way.

What Are Petrol Prices Like in Iceland?

Iceland’s petrol prices are ranked among Europe’s highest due to import costs, taxes, and the island’s remote location. As of July 2025, the average gas price in Iceland is roughly 320 ISK per liter ($2.64 USD), with diesel averaging around 300 ISK per liter ($2.47 USD). We always advise checking live fuel prices before your travels, as they can fluctuate depending on the current state of the global oil market, just like anywhere else. 

To provide a rough guide, the cost of petrol in Iceland tends to range between 320 and 350 ISK per liter ($2.64 - $2.91 USD). While this is considered expensive, it’s important to remember that Iceland’s distances are usually reasonable, especially if you’re sticking to popular routes like the Golden Circle or South Coast. Even the Ring Road, which is 825 mi (1,321 km) long, should realistically only require 2-3 tanks of petrol to complete the whole thing. 

How to Check Live Gas Prices in Iceland

If you want to keep an eye on gas prices throughout your time in Iceland, it’s a good idea, particularly if you’re traveling on a budget. Thankfully, there are a few tools you can use to get reliable gas prices throughout Iceland in real time. 

One of the most widely used websites for providing up-to-date petrol and diesel prices across Iceland is GSMbensin, which sorts prices by station and brand. You can also use mobile apps provided by Iceland’s main fuel providers like N1, Olís, Atlantsolía, and Orkan. Apps like these tend to show not only the latest prices, but also the location of nearby fuel stations and any discounts that are available.

Where to Find Gas Stations in Iceland

For the most part, it’s easy to find fuel stations in Iceland - especially in and around towns, but they’re much more spread out in remote regions like the Highlands, Westfjords, and quieter stretches of the Ring Road. If you’re planning to travel through some of these areas, it’s important to plan your fuel stops ahead of time to avoid running low. 

The most common gas station brands you’ll see throughout Iceland are Orkan, N1, ÓB, Atlantsolía, and Olís. In Reykjavík and other built-up areas, stations are frequent and tend to offer extra facilities, like shops, toilets, and even cafés. In more rural areas, you’ll tend to encounter self-service pumps, most of which operate 24/7 and accept card payments. 

Electric Vehicles – Charging vs Petrol in Iceland

Hands down, petrol and diesel vehicles are still the most common rental cars in Iceland, but electric vehicles (EVs) are becoming more popular, especially among eco-conscious travelers. 

Iceland’s abundant renewable energy makes driving an EV a sustainable choice, but it does come with some drawbacks in comparison to filling up at a gas station. The main drawback is this - Iceland’s charging infrastructure is not yet well established. Charging stations are most widely available in and around Reykjavík and other urban areas, with some dotted along the Ring Road as well. But in more remote regions like East Iceland, the Highlands, or the Westfjords, infrastructure is very limited. 

If you’re considering renting an EV in Iceland, it’s key that you plan your route carefully and check charging station availability using tools like lugShare, ON Power, or the Tesla Supercharger map. For shorter loops or if you’re sticking close to the capital, EVs can be a great option. But for longer adventures, traditional fuel may still offer more convenience and comfort. 

Get help choosing the right car for you to drive around Iceland. 

Saving Money on Petrol in Iceland

When filling up in Iceland, small price differences can add up quickly. Here’s a breakdown of which fuel chains tend to offer the most affordable petrol in Iceland. 

Rank	Brand	Approx Price (ISK/Liter)	Notes
1	Costco	~289-300	Cheapest overall, but a membership is required (US/UK memberships can be used in Iceland)
2	Orkan / Atlantsolía / ÓB	~300-305	Cheapest non-membership prices, widely available
3	N1 / Olís	~315-325	Premium stations with shops, service, and food; therefore, gas comes at a higher cost

Fuel Saving Tips in Iceland

There’s more you can do to save on fuel beyond heading to the most affordable gas stations in Iceland. The way you drive and other choices you make can go a long way in preserving your fuel consumption! Here are our top fuel-saving tips.

1. Use cruise control and steady speeds to keep fuel consumption down.
2. Ensure tires are inflated properly.
3. Avoid idling, which wastes fuel.
4. Don’t wait until the tank is low - plan stops and avoid filling up in remote areas
5. Consider renting a diesel vehicle; this can be cheaper and more efficient, especially on longer road trips. 

Whether you’re planning a short trip close to Reykjavík or plan to get out and explore the more wild regions of Iceland, knowing where to fill up is essential. By following fuel-saving tips, keeping an eye on apps for the best deals, and planning ahead, you can enjoy the trip of a lifetime around Iceland without having to break the bank.

*Pricing is up to date as of July 2025.