| name | fuel |
| description | Icelandic fuel market — Gasvaktin pump prices for N1, Olís, Orkan, Atlantsolía plus conglomerate financials. |
Fuel — Icelandic Fuel Market
Companies
| Retailer | Kennitala | Parent | Parent kt | Stations |
|---|
| N1 ehf. | 4110033370 | Festi hf. | 5402062010 | ~100 |
| Olís ehf. | 5002693249 | Hagar hf. | 6702032120 | ~65 |
| Orkan IS ehf. | 6803190730 | Styrkás/SKEL | 6309212010 | ~75 |
| Atlantsolía ehf. | 5906023610 | Private | — | ~30 |
Use parent kennitalas for consolidated financials — fuel is a segment within diversified conglomerates.
Skeljungur ehf. (6309212010) is the wholesale fuel company under Styrkás — separate from Orkan retail but same ownership.
Data Sources
Gasvaktin — Daily retail prices
- Repo: github.com/gasvaktin/gasvaktin
- Location:
data/raw/gasvaktin/vaktin/trends.json
- Company codes:
n1=N1, ol=Olís, or=Orkan, ox=Orkan X, ao=Atlantsolía, co=Costco, dn=Dælan, ob=ÓB, sk=Skeljungur
- Data since April 2016, ~weekly observations per company
Processing
uv run python scripts/fuel.py
Outputs:
data/processed/fuel_prices_daily.csv — all observations
data/processed/fuel_market_daily.csv — market averages (major 4 retailers)
data/processed/fuel_prices_monthly.csv — monthly by company
data/processed/fuel_price_spread.csv — price spread between retailers
Annual reports (skatturinn.is)
uv run python scripts/skatturinn.py download 5402062010 --year 2024
uv run python scripts/skatturinn.py download 6702032120 --year 2024
uv run python scripts/skatturinn.py download 6309212010 --year 2024
Note: Festi has two reports per year (parent + consolidated). The download script picks typeid=1 first. For segment data, you may need the consolidated report (typeid=2).
Hagar fiscal year
Hagar uses Feb-Jan fiscal year (e.g., "2024" = Feb 2023 – Jan 2024).
Other data sources
- IEA End-Use Prices — cross-country fuel price comparison with tax breakdown
- Samkeppniseftirlitið — competition authority reports (2015 fuel market study, 2024 Festi fine)
- Crude oil prices — Brent ICE for margin computation
Key Facts
- Festi fined 750M ISK in 2024 for violating 2018 N1 merger conditions
- N1 owns 60% of Olíudreifing ehf. (fuel distribution) — board must be independent per competition authority
- Hagar preparing to sell Olís stake in Olíudreifing and EAK (Keflavík airport fuel)
- Typical N1 premium over Atlantsolía: 5-13 ISK/L
- Skeljungur EBITDA/margin: 43.2% (2024)
Caveats
- Conglomerate financials — Festi and Hagar report consolidated; fuel is one segment. Segment data in note "Starfsþáttayfirlit".
- Skeljungur ≠ Orkan retail — Skeljungur is wholesale/enterprise fuel; Orkan IS is retail. Same ownership (Styrkás) but separate entities.
- Gasvaktin coverage — Not every station reports every day. Data may have gaps.
- Discount vs list prices — Some companies offer discount (self-service) vs full-service pricing.