This Week's Gasoline Price at 1450.5 Won per Liter... 10 Consecutive Weeks of Increase

Korea National Oil Corporation, Weekly Price Trends of Domestic Petroleum Products

Korea National Oil Corporation, Weekly Domestic Petroleum Product Price Trends

[Asia Economy Reporter Joo Sang-don] This week, the retail price of gasoline recorded 1,450.5 KRW, marking a 10th consecutive week of increase.

According to the Korea National Oil Corporation on the 30th, the retail price of gasoline at gas stations in the 4th week of January rose by 3.3 KRW per liter from the previous week to 1,450.5 KRW, continuing the upward trend for 10 weeks. The diesel price increased by 3.2 KRW to 1,250.8 KRW.

Based on gasoline, the average price at Altteul gas stations was the lowest at 1,413.4 KRW per liter, while GS Caltex gas stations recorded the highest price at 1,459.8 KRW.

For diesel, the average price at Altteul gas stations was the lowest at 1,212.8 KRW, and GS Caltex gas stations had the highest price at 1,260.8 KRW.

In Seoul, the region with the highest prices, gasoline cost 1,529.1 KRW per liter, up 3.7 KRW from the previous week, which is 78.6 KRW higher than the national average. In Daegu, the region with the lowest prices, gasoline was priced at 1,431.7 KRW per liter, up 1.5 KRW from the previous week, 18.8 KRW lower than the national average.

Meanwhile, the supply price of gasoline from refiners rose by 6.1 KRW to 1,371.9 KRW, and the supply price of diesel increased by 7.5 KRW to 1,170.6 KRW compared to the previous week.

On the other hand, this week’s international oil prices remain steady due to reduced supply from Iraq, an unexplained explosion in Saudi Arabia, and a temporary halt in oil export port operations in Libya due to disputes over payment. Dubai crude oil rose by 0.1 dollars to 55.3 dollars per barrel compared to the previous week.

This content was produced with the assistance of AI translation services.