From Iceland — Gas Prices Rise Dramatically

Gas Prices Rise Dramatically

Published July 1, 2009

The price of gasoline rose at Skeljungur hf, the Icelandic branch of Shell Oil, ahead of its competitors.
N1 and Olís have yet to raise the price of their gas – Olís did raise the price of fuel last week, but lowered it again when the other gas companies didn’t follow suit.
Parliament voted on and approved a 10 ISK per litre raise on the price of gasoline in Iceland last month. Skeljungur has now raised the price of their gas by 12.5 ISK per litre. The price of gas there is now 189.30 ISK per litre for self-service, 194.30 ISK for full service (for you American readers – that’s about $5.60 a gallon for self-serve, and $5.70 for full service). Diesel doesn’t come in much cheaper – 179.70 ISK for self-service, and 184.70 for full service.
A major theme of last spring’s protests was the rising price of fuel, in particular for professional transporters. This year protests focus more on Icesave, with fuel costs moving down the list of issues in order of importance.

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