Fuel prices dropped sharply at N1, Olís, and Orkan petrol stations in Húsavík at midnight, coinciding with the entry into force of new legislation introducing a road usage (kilometer) charge and the abolition of fuel and excise taxes. The reduction ranges from approximately 26 to 31 percent and largely mirrors developments elsewhere in Iceland.
At N1 in Húsavík, the price of diesel fell from ISK 313.9 to ISK 233.7 per liter, a decrease of 25.6 percent. The price of 95-octane petrol dropped from ISK 309.9 to ISK 215.7 per liter, a reduction of 30.4 percent.
At Orkan in Húsavík, 95-octane petrol is now priced at ISK 212.1 per liter and diesel at ISK 233.6 per liter. It drew attention that the price reduction had already been implemented there around 10:00 p.m. last night, two hours before midnight, when a Húsavík.com reporter recorded the prices. Based on previous prices of around ISK 308–314, according to Orkan’s website, this corresponds to a reduction of about 31 percent for petrol and around 26 percent for diesel, in line with what has been seen elsewhere in the country.
The changes are linked to the introduction of a road usage charge intended to fund future financing of the road network. Vehicle owners are required to register the odometer reading of their vehicles at least once a year and will pay the charge monthly, with the first due date on February 1. For vehicles weighing under 3,500 kilograms, the charge is ISK 6.95 per kilometer driven.
