Gasoline Price at 1,762.8 Won per Liter... Rising for 6 Consecutive Weeks

Weekly Domestic Oil Price Trends for the 4th Week of October

[Asia Economy Reporter Joo Sang-don] Gasoline prices have risen for six consecutive weeks. According to the Korea National Oil Corporation on the 31st, the retail price of gasoline at gas stations in the fourth week of October increased by 30.3 KRW from the previous week to 1,762.8 KRW per liter, marking a six-week continuous rise.

By brand, the average price at Altteul gas stations was the lowest at 1,731.0 KRW per liter, while GS Caltex gas stations recorded the highest price at 1,771.2 KRW per liter.

The highest-priced region, Seoul, saw gasoline prices rise by 32.2 KRW from the previous week to 1,840.8 KRW per liter, which is 78.0 KRW higher than the national average price. The lowest-priced region, Busan, recorded a gasoline price of 1,741.5 KRW per liter, up 26.4 KRW from the previous week, which is 21.3 KRW lower than the national average price.

Diesel retail prices rose by 30.5 KRW from the previous week to 1,560.9 KRW per liter.

The Dubai crude oil price in the fourth week of October was $83.4 per barrel, up $0.4 from the previous week. A Korea National Oil Corporation official stated, "This week, international oil prices are on the rise due to expectations of supply shortages amid increasing oil demand and ongoing instability in Libya."

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