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Fuel Prices in Iraq

Petrol & diesel per litre in Iraqi Dinar (IQD) · Published Oct 6, 2026

Fuel typeIQD / litreUSD / litre (official rate)
Petrol (gasoline)850$0.566

Exchange rates used: official 1,502 IQD/USD · parallel 1,615 IQD/USD. See today's IQD rate →

Petrol and diesel prices in Iraq (IQD)

The petrol (gasoline) price in Iraq is 850 IQD per litre, as published on October 6, 2026. These are official retail pump prices, not model estimates.

At the official exchange rate of 1,502 IQD per US dollar, a litre of petrol in Iraq is worth about $0.566. Converted at the parallel-market rate of 1,615 IQD, the same litre costs only $0.526 — the gap is the exchange-rate premium, not a difference in the pump price.

How fuel prices are set in Iraq

Most countries in ETCurrency's coverage — Iraq included — import refined petrol and diesel or the crude they are made from, and pay for it in US dollars. The retail price you see at the pump is therefore three things stacked together: the international product price, the exchange rate used to bring it into Iraqi Dinar, and domestic taxes, levies, distribution margins and (often) subsidies.

Because the dollar cost is converted at the official exchange rate rather than the parallel one, fuel in countries with a large parallel premium looks cheap in dollar terms when you convert at the street rate. That is why the same litre can be quoted at two very different USD equivalents above.

Petrol vs diesel vs kerosene

Diesel is the fuel of transport, agriculture and generators, so governments frequently cap or subsidise it more heavily than petrol; petrol is taxed as a consumer good. Kerosene, where sold, is a household cooking and lighting fuel and is often the most heavily subsidised of all.

Only petrol and diesel are published for Iraq; kerosene and aviation fuel are not shown rather than estimated.

How to read this price

Fuel prices in Iraq change less often than exchange rates: regulated markets revise them monthly or quarterly, liberalised ones weekly. The date on this page is the date the price was published, so a figure that is a few weeks old is normal and is usually still the price at the pump.

Pump prices vary by region and station, and informal-market fuel is priced separately from official stations. Treat the figure here as the reference retail price for Iraq, and use the exchange-rate pages to understand what it means in dollars.

Frequently asked questions

What is the petrol price in Iraq today?

Petrol in Iraq costs 850 IQD per litre (published October 6, 2026).

How much is a litre of petrol in Iraq in US dollars?

About $0.566 per litre at the official exchange rate of 1,502 IQD/USD. At the parallel-market rate the dollar equivalent is lower because the same IQD price buys fewer dollars.

Why is fuel in Iraq cheap or expensive compared with other countries?

Because the dollar cost of fuel is similar everywhere, the differences come from taxes, subsidies and the exchange rate used. Oil-exporting and subsidising countries sit at the bottom of the ranking; heavily taxed importers at the top.

How often do fuel prices change in Iraq?

Regulated markets revise prices monthly or when crude and the exchange rate move sharply; liberalised markets adjust weekly. ETCurrency refreshes published prices weekly and marks each price with its publication date.

Disclaimer: fuel prices for Iraq are reference retail figures for informational purposes. Prices vary by region, supplier and consumption tier; confirm with local stations or your utility bill before relying on them.