Gasoline Sales Decline for 5 Consecutive Weeks... 1,530.5 Won per Liter

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] Gasoline prices sold at gas stations nationwide have fallen for five consecutive weeks.

According to the Korea National Oil Corporation's oil price information service Opinet on the 29th, the domestic gas station gasoline sales price in the fourth week of February 2020 recorded 1,530.5 won, down 8.0 won from the previous week. During the same period, diesel sales prices fell 10.3 won to 1,351.7 won.

The region with the highest gasoline sales price was Seoul, recording 1,609.5 won. On the other hand, Daegu had the lowest price at 1,500.1 won.

By brand, the most expensive was SK Energy at 1,542.6 won, and the cheapest was self-branded at 1,507.7 won. For diesel, SK Energy was the most expensive at 1,364.7 won, and self-branded was the lowest at 1,324.9 won.

The Korea National Oil Corporation explained, "International oil prices have been on a downward trend due to factors such as the downward revision of this year's economic growth rate and the IEA Secretary-General's remarks on the 'need to revise down oil demand.'"

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