Gasoline Prices in Norway increased to 1.95 USD/Liter in May from 1.90 USD/Liter in April of 2025. This dataset provides the latest reported value for - Norway Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Norway: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 1.78 dollars, a decline from 2.27 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Norway from 1995 to 2016 is 1.7 dollars. The minimum value, 1.19 dollars, was reached in 2000 while the maximum of 2.53 dollars was recorded in 2012.

In June 2023, Iceland recorded the highest gasoline prices among Scandinavian countries, at 2.25 euros or 2.08 U.S. dollars per liter. In contrast, the least expensive gasoline in Scandinavia at that time could be purchased in Sweden at 1.84 euros per liter.

Norway Avg Retail Price: incl Taxes: Diesel data was reported at 13.730 NOK/l in Jun 2020. This records an increase from the previous number of 13.470 NOK/l for May 2020. Norway Avg Retail Price: incl Taxes: Diesel data is updated monthly, averaging 8.830 NOK/l from Aug 1986 (Median) to Jun 2020, with 407 observations. The data reached an all-time high of 15.750 NOK/l in Nov 2018 and a record low of 1.860 NOK/l in Dec 1986. Norway Avg Retail Price: incl Taxes: Diesel data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.P004: Average Retail Fuel Prices.

Access monthly energy price assessments for Germany, featuring Gasoline and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for Norway and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.

This statistic presents the percentage change in car, gasoline and diesel prices in Norway from 2007 to 2017. In 2017, prices of new cars decreased by 8.5 percent. In the same year, gasoline prices changed by 0.9 percent, whereas diesel prices changed by -1.4 percent.

Hong Kong had the highest prices for premium gasoline (95-RON) on May 12, 2025. That day, prices averaged 3.44 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around 2 U.S. dollars per liter.

Norway NO: Pump Price for Diesel Fuel: USD per Liter data was reported at 1.630 USD in 2016. This records a decrease from the previous number of 2.110 USD for 2014. Norway NO: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 1.630 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.350 USD in 2012 and a record low of 1.090 USD in 1995. Norway NO: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

After three years of growth, overseas purchases of wood fuel decreased by -48.2% to 128K cubic meters in 2023.

Norway NO: Pump Price for Gasoline: USD per Liter data was reported at 1.780 USD in 2016. This records a decrease from the previous number of 2.270 USD for 2014. Norway NO: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 1.630 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.530 USD in 2012 and a record low of 1.190 USD in 2000. Norway NO: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Norway – Table NO.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

Europe’s petroleum and natural gas extraction support services’ revenue is forecast to contract at a compound annual rate of 3.8% over the five years through 2024 to €62.1 billion. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand has increased since lockdown restrictions eased, supporting revenue over 2021 and 2022. Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. Nonetheless, weakening demand and falling oil and gas prices have contributed to an expected revenue slump of 20.3% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 7% to €87.2 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.

Access monthly energy price assessments for Norway, featuring Fuel Oil. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Free preview available.

Comprehensive historical data and future forecasts for Fuel Oil prices in Norway, crucial for market analysis and strategic planning.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Norway (CPGREN01NOQ657N) from Q1 1979 to Q4 2023 about Norway, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

Fuel wholesalers have come up against hugely volatile markets in recent years. The COVID-19 outbreak and subsequent travel restrictions and lockdowns led to a standstill in global transport activity, driving a sharp drop in fuel prices and sales in 2020. Air passenger numbers tanked by 73% in the EU in 2020, according to the European Commission, driving a sharp drop off in demand for jet fuel. OPEC+ manipulates world crude oil prices by adjusting production quotas and collaborating with other producers. OPEC+ worked to cut production in early 2021 to raise prices back to their pre-pandemic level, which gave fuel wholesalers a big boost. Then, Russia’s invasion of Ukraine led to a string of sanctions being placed on Russia by the EU and other Western nations, including the UK. Bans on Russian fuel exports drove prices and wholesalers’ revenue through the roof. For example, according to vehicle insurer RAC, the average price of unleaded in the UK shot up by 23.8% between 2021 and 2022. Over the five years through 2024, fuel wholesalers’ revenue is forecast to fall at a compound annual rate of 3.8% to reach €1.1 trillion, including an expected 5.8% tumble in 2024 as supply cuts push prices up. Rising levels of environmental awareness will encourage fuel wholesalers to stock a growing range of low-carbon fuel options like biofuels and hydrogen (when they become more financially viable) in the future. In many European countries, the push to decarbonise transport is accelerating, with electric vehicles gaining ground on petrol vehicles, having already surpassed the market share of diesel vehicles in terms of new car registrations. The long-term fall in investment in oil and gas will also push up prices. Over the five years through 2029, revenue is anticipated to fall at a compound annual rate of 1.3% to reach €1.2 trillion.

Petroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway and the Netherlands. Over the five years through 2024, European petroleum refineries’ revenue is anticipated to slump at a compound annual rate of 7.2% to €620.3 billion, including a projected contraction of 23.1% in 2024. The profitability of petroleum refineries is somewhat insulated by vertical integration with crude oil extractors, which adds stability to purchase costs. Passing on additional cost increases to their customers is another key way to maintain a healthy margin. Over the five years through 2029, petroleum refineries’ revenue is forecast to climb at a compound annual rate of 3.6% to reach €739.4 billion, supported by an uptick in European construction and manufacturing after being constrained for multiple years due to strong economic headwinds. Long-term revenue prospects are set to deteriorate as the push for decarbonisation in many economies will see petroleum-derived products being phased out in favour of low-carbon options.

At 3.82 U.S. dollars per gallon in October 2022, regular all formulation retail gasoline prices in the United States were considerably lower than in Hong Kong or the Central African Republic, which reported the highest gasoline prices in the world at the end of October 2022. Norway also ranked high this year. Its high gasoline prices might be one of the reasons why the country is leading the charge towards electric mobility. Gas prices in selected countries worldwide Fuel prices in different countries range from a few cents to almost two U.S. dollars per liter. Gasoline is often regarded as a key driver of a country’s economy, as it is the main fuel used in passenger vehicles and the automotive fleets of small and large businesses. The United States is one of the biggest consumers of gasoline on a per capita basis, with approximately 356 gallons of gasoline per person in 2020. Fuel prices respond to crude oil price changes One of the liquid’s main ingredients is crude oil. The spot prices of publicly traded crudes, such as U.S.-sourced WTI (West Texas Intermediate), UK Brent, and the OPEC basket grades, are highly volatile and have proven prone to inflation as of late, most recently due to the novel coronavirus outbreak in China, blockages in the Suez Canal, and the Russian invasion of Ukraine. Where access to oil is limited, this volatility may spur a shift towards alternative propulsion systems and fuels among a growing number of vehicle drivers. Affordability of fuel Gas prices in Europe are counted among the highest worldwide. At 7.6 U.S. dollars per gallon or more, gasoline is particularly expensive in Iceland, Norway, Denmark, Greece, Finland, and the Netherlands. Car drivers in Mozambique and Madagascar feel the most pain at the pump. Some 145.7 percent of a month's wages are needed to fill up a tank in Mozambique. The low affordability of fuel is due to weak currencies, limited wage growth, and a level of prosperity that is yet to meet other markets' standards. The high price in countries such as the Netherlands and Norway is largely attributable to taxes. Other factors driving gas prices include local demand, processing and distribution costs, and the aforementioned level of crude oil prices.

Norway's oil industry is expected to contribute 20.5 percent to the country's GDP in 2025, highlighting its continued importance to the national economy. This figure represents a slight decline from the peak of 35.3 percent seen in 2022, which was driven by exceptional circumstances in the global energy market. Higher export values post-2022 The significance of Norway's oil and gas industry is further underscored by its dominant position in the country's export market. In 2023, petroleum products accounted for 62 percent of Norway's total goods exports by value. This represents a substantial increase from previous years, largely attributed to supply constraints and surging oil prices, as well as European efforts to reduce dependence on Russian fuel imports. The export value of petroleum reached 560 billion Norwegian kroner in 2023. Norway continues investing in future production While Norway's oil production has declined from its peak in the early 2000s, it has stabilized in recent years at around two million barrels per day. The country continues to actively explore and develop its oil and gas resources, with a record number of drilling licenses awarded in recent years. In 2023, 83 licenses were granted, the second-highest figure in the period under consideration. This ongoing investment in exploration and production suggests that Norway is committed to maintaining its position as a significant player in the global oil market, despite increasing focus on climate change mitigation.

In 2023, purchases abroad of oil or petrol-filters for internal combustion engines decreased by -3.8% to 2.3M units, falling for the second consecutive year after two years of growth.