Gasoline Prices at Gas Stations Rise for 2 Consecutive Weeks... Nationwide Average 1,644.5 Won

[Asia Economy Reporter Hwang Yoon-joo] Gasoline prices at gas stations showed an upward trend for the second consecutive week.

According to Opinet, the oil price information service of the Korea National Oil Corporation, the nationwide gasoline sales price at gas stations in the fifth week of September recorded 1,644.5 KRW per liter, up 1.9 KRW from the previous week.

By region, the highest gasoline price was in Seoul, rising 4.7 KRW to 1,728.7 KRW per liter. The lowest price region, Daegu, saw gasoline prices increase by 1.1 KRW to 1,618.3 KRW per liter.

By brand, the average gasoline price at Alttel gas stations was the lowest at 1,619.5 KRW per liter, while GS Caltex gas stations had the highest gasoline price at 1,651.6 KRW per liter.

The average diesel sales price also rose by 2.3 KRW from the previous week to 1,439.2 KRW per liter.

International oil prices also increased. Dubai crude oil, mainly imported by domestic refiners, rose 2.9 USD to 76.3 USD per barrel compared to the previous week. International gasoline prices recorded 86.3 USD per barrel, up 3.2 USD.

The Korea National Oil Corporation stated, "This week’s international oil prices are on the rise due to factors such as the forecasted recovery of oil demand to pre-pandemic levels, Goldman Sachs’ year-end crude oil price forecast of 90 USD, and the expected increase in oil imports in preparation for winter demand."

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