Gasoline Prices at Gas Stations Rise for 11 Consecutive Weeks... Nationwide Average 1,628.1 Won

Seoul Surpasses 1,700 Won... Average 1,710.2 Won

According to Opinet, the oil price information service of Korea National Oil Corporation, the average retail price of gasoline nationwide in the third week of March was 1,517.4 KRW per liter, up 18.8 KRW from the previous week. This is the first time in a year since the second week of March last year that the weekly average gasoline price has exceeded 1,500 KRW. A gas station in Seoul on the 21st.
Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Hwang Yoon-joo] As gasoline prices at gas stations nationwide have risen for 11 consecutive weeks, the average price in the Seoul area has surpassed 1700 won. Considering that international oil prices are reflected domestically with a 2-3 week lag, the upward trend in gasoline prices is expected to continue for the time being.

According to the Korea National Oil Corporation's oil price information service Opinet on the 17th, the average gasoline selling price at gas stations nationwide in the second week of July (7.12~15) recorded 1628.1 won per liter, up 13.1 won from the previous week.

By region, Seoul, the highest-priced area, rose 13.6 won from the previous week to 1710.2 won per liter. Daegu, the lowest-priced area, was 1608.9 won per liter, 14.7 won lower than the national average.

By brand, GS Caltex gas stations were the most expensive at 1635.8 won per liter, while Altteul gas stations were the cheapest at 1600.8 won per liter.

The nationwide diesel selling price at gas stations also rose 12.7 won from the previous week to 1424.5 won per liter.

The Korea National Oil Corporation analyzed, "This week, international oil prices are showing a slight upward trend due to improvements in the US labor market, expectations of OPEC oil demand recovery, a decrease in US crude oil inventories, and delays in Iran nuclear negotiations."

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