Fuel prices in Norway are relatively stable in July 2025 after the wild fluctuations of recent years. The average price of petrol (95 octane) is around NOK 21.5 per litre, diesel is NOK 21.4, and liquefied gas (LPG) is NOK 14.45. This is significantly lower than the peak values of 2022, when petrol reached NOK 31.96 and diesel was NOK 30.53 per litre. Analysts attribute the current stabilisation to weaker global demand, especially from China, as well as a seasonal decline in activity on the European market. However, maintenance work at gas processing plants in Norway, including Kollsnes, caused a short-term increase in methane prices in Europe — July TTF futures jumped by 1.9% to €36.36 per megawatt-hour. The tax burden remains a key factor: in Norway, taxes can make up to 60% of the final price of fuel, making the country one of the most expensive in Europe for petrol and diesel. Despite this, the government continues to encourage the transition to electric vehicles by offering subsidies and expanding charging infrastructure. Experts predict that fuel prices in Norway will remain in the range of 20-22 kroner per litre until the end of 2025, provided that global markets remain stable and there are no new geopolitical upheavals.
Fuel prices in Norway are relatively stable in July 2025 after the wild fluctuations of recent years. The average price of petrol (95 octane) is around NOK 21.5 per litre, diesel is NOK 21.4, and liquefied gas (LPG) is NOK 14.45. This is significantly lower than the peak values of 2022, when petrol reached NOK 31.96 and diesel was NOK 30.53 per litre. Analysts attribute the current stabilisation to weaker global demand, especially from China, as well as a seasonal decline in activity on the European market. However, maintenance work at gas processing plants in Norway, including Kollsnes, caused a short-term increase in methane prices in Europe — July TTF futures jumped by 1.9% to €36.36 per megawatt-hour. The tax burden remains a key factor: in Norway, taxes can make up to 60% of the final price of fuel, making the country one of the most expensive in Europe for petrol and diesel. Despite this, the government continues to encourage the transition to electric vehicles by offering subsidies and expanding charging infrastructure. Experts predict that fuel prices in Norway will remain in the range of 20-22 kroner per litre until the end of 2025, provided that global markets remain stable and there are no new geopolitical upheavals.