Ameer Randolph
Fuel prices are a significant concern for many people globally, and Finland is no exception. As of May 26, 2025, the gasoline price in Finland stood at EUR 1.69 per liter, which is relatively higher than the worldwide average of USD 1.19 per liter. With historical data showing fluctuations and a maximum price of EUR 2.54 per liter in June 2022, understanding the current and future trends in fuel costs in Finland is essential for individuals and businesses alike.
| Characteristics | Values |
|---|---|
| Current gasoline price in Finland | EUR 1.69 per liter or USD 1.93 per liter |
| Average price of gasoline in the world | USD 1.19 per liter |
| Average gasoline price in Finland from 2015-06-15 to 2025-05-26 | EUR 1.63 per liter |
| Minimum price during the same period | EUR 1.24 on 2020-05-11 |
| Maximum price during the same period | EUR 2.54 on 2022-06-13 |
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What You'll Learn
Gasoline price in Finland: EUR 1.69 per litre
As of May 26, 2025, the price of gasoline in Finland is EUR 1.69 per liter. This is equivalent to USD 1.93 per liter.
Gasoline prices in Finland have varied over the years. Between June 15, 2015, and May 26, 2025, the average price was EUR 1.63 per liter, with a minimum of EUR 1.24 recorded on May 11, 2020, and a maximum of EUR 2.54 on June 13, 2022.
The price of gasoline in Finland is notably higher than the world average. As of May 26, 2025, the global average price of gasoline was USD 1.19 per liter, which is significantly lower than the price in Finland.
It is worth noting that gasoline prices can fluctuate over time due to various factors, including market conditions, supply and demand dynamics, and government regulations. The cost of fuel is an important factor for many individuals and businesses, influencing transportation costs and economic activities.
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Finland's fuel prices compared to the world average
As of 26 May 2025, the gasoline price in Finland was €1.69 per litre or USD 1.93 per litre. In comparison, the world average gasoline price was USD 1.19 per litre. This means that Finland's fuel prices are higher than the world average.
Looking at the price data for Finland from 15 June 2015 to 26 May 2025, the average gasoline price was €1.63 per litre. The minimum price during this period was €1.24 on 11 May 2020, while the maximum price was €2.54 on 13 June 2022.
Finland's fuel prices are notably higher than the world average, with a difference of USD 0.74 per litre as of 26 May 2025. This price difference may be due to various factors, including taxes, crude oil prices, and regional supply and demand variations.
It is worth noting that Finland's fuel prices have fluctuated over the years, with the highest price recorded in June 2022, possibly due to various economic and geopolitical factors influencing energy markets. The COVID-19 pandemic may also have impacted fuel prices during certain periods, with the lowest price recorded in May 2020, potentially due to decreased demand and economic slowdown during that time.
Overall, Finland's fuel prices are generally higher than the world average, and these prices can vary over time due to a multitude of economic, political, and market-related factors.
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How fuel prices in Finland have changed over time
As of 26 May 2025, the price of gasoline in Finland is EUR 1.69 per liter, or USD 1.93 per liter. This is higher than the average world price of gasoline, which stands at USD 1.19 per liter.
Looking back at historical data from 2015 to 2025, we can see how fuel prices in Finland have fluctuated over time. During this ten-year period, the average gasoline price was EUR 1.63 per liter.
The data shows that fuel prices reached their lowest point on 11 May 2020, dipping to EUR 1.24 per liter. This was a significant drop from the average price and indicates a period of decreased fuel costs.
However, fuel prices climbed steadily after this date, and by 13 June 2022, they had reached an all-time high of EUR 2.54 per liter. This peak represents a substantial increase in fuel costs, impacting both consumers and businesses alike.
Since this high, prices have decreased, settling at the previously mentioned EUR 1.69 per liter as of May 2025. It is worth noting that Finland's fuel prices tend to be higher than the global average, with occasional periods of price stabilization, possibly indicating periods of government intervention or price fixing.
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Factors influencing fuel prices in Finland
As of May 26, 2025, the price of gasoline in Finland was EUR 1.69 per liter or USD 1.93 per liter. This is higher than the average world price of gasoline, which stands at USD 1.19 per liter. Over the past decade, the average gasoline price in Finland has been EUR 1.63 per liter, with a minimum of EUR 1.24 on May 11, 2020, and a maximum of EUR 2.54 on June 13, 2022.
Several factors influence fuel prices in Finland, and understanding these factors is crucial to comprehending the fluctuations in fuel costs. Here are some key factors that play a significant role:
- Global oil prices: The cost of crude oil on the global market directly impacts fuel prices in Finland. Oil is a globally traded commodity, and its price is determined by supply and demand. When global oil prices rise, fuel prices in Finland also tend to increase. Geopolitical events, production levels by oil-producing countries, and economic sanctions can all influence global oil prices and, consequently, fuel prices in Finland.
- Exchange rates: Finland's fuel prices are influenced by the value of the euro against other major currencies, particularly the US dollar, as oil is predominantly traded in US dollars. When the euro weakens against the dollar, fuel prices in Finland tend to increase, as it becomes more expensive to import oil. Conversely, a stronger euro can lead to lower fuel prices.
- Taxes and duties: Taxes and duties imposed by the Finnish government significantly impact fuel prices. Excise duties and value-added tax (VAT) are added to the base price of fuel, driving up the cost for consumers. Changes in tax rates or duties can directly affect fuel prices. For instance, during the COVID-19 pandemic, the Finnish government reduced excise duties on fuel to alleviate economic pressures on essential industries.
- Seasonal demand: Finland experiences seasonal variations in fuel demand, which can influence prices. During the winter months, when heating oil demand is high, fuel prices tend to increase. Similarly, during the peak summer travel season, gasoline demand for transportation rises, pushing up prices.
- Competition and market forces: Market dynamics, including competition among fuel retailers and wholesalers in Finland, can impact prices. Retailers may adjust their prices based on competition and profit margins. Additionally, the availability of alternative fuels and the development of electric vehicles can influence fuel prices through shifts in consumer choices and market demand.
- Government intervention: In some cases, the Finnish government may intervene to stabilize fuel prices. For example, during periods of extreme price volatility or to protect consumers from rapid price increases, the government might implement price controls or subsidies. However, such interventions can also lead to artificial price suppression, potentially affecting investment and supply in the long term.
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Cheapest and most expensive fuel prices in Finland historically
As of 26 May 2025, the price of gasoline in Finland is EUR 1.69 per litre or USD 1.93 per litre. This is higher than the worldwide average gasoline price, which stands at USD 1.19 per litre.
Looking at historical data, the average price of Octane-95 gasoline in Finland from 15 June 2015 to 26 May 2025 was EUR 1.63 per litre. During this period, the price of gasoline hit an all-time low of EUR 1.24 on 11 May 2020. This was likely due to decreased demand during the COVID-19 pandemic.
However, the price of gasoline in Finland surged to an unprecedented high of EUR 2.54 per litre on 13 June 2022. This drastic increase can be attributed to various factors, including the ongoing conflict between Russia and Ukraine, which disrupted global energy markets.
Finland's fuel prices are subject to fluctuations, influenced by global events, market dynamics, and governmental interventions. These factors collectively shape the country's fuel pricing landscape, leading to historical highs and lows in gasoline costs.
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Frequently asked questions
As of May 26, 2025, fuel costs €1.69 per litre or $1.93 per litre in Finland.
The price of fuel in Finland has fluctuated since 2015. The average price per litre of fuel between June 15, 2015, and May 26, 2025, was €1.63 per litre, with a minimum of €1.24 on May 11, 2020, and a maximum of €2.54 on June 13, 2022.
Yes, the current global average for the price of gasoline is lower than that of Finland, at $1.19 per litre.
Fuel prices in Finland are updated weekly.
The data on fuel prices is obtained from official government sources, regulatory agencies, petroleum companies, and major media sources.
