Gasoline Price at 1,648.9 Won per Liter... Falling for 5 Consecutive Weeks

Price Trends of Domestic Petroleum Products in the 3rd Week of December

[Asia Economy Reporter Joo Sang-don] Gasoline retail prices have fallen for five consecutive weeks.

According to the Korea National Oil Corporation on the 19th, the retail price of gasoline at gas stations in the third week of December dropped by 15.8 KRW from the previous week to 1,648.9 KRW/liter, marking a decline for five consecutive weeks.

The average price at budget gas stations was the lowest at 1,621.8 KRW/liter, while SK Energy gas stations recorded the highest price at 1,657.0 KRW/liter.

The highest-priced region, Seoul, saw gasoline prices fall by 15.7 KRW from the previous week to 1,704.9 KRW/liter, which is 56.0 KRW higher than the national average price. The lowest-priced region, Busan, recorded a gasoline price of 1,614.1 KRW/liter, down 12.7 KRW from the previous week, which is 34.8 KRW lower than the national average price.

Diesel retail prices fell by 17.7 KRW from the previous week to 1,472.1 KRW/liter.

Dubai crude oil in the third week of December was $73.2 per barrel, up $0.3 from the previous week. A Korea National Oil Corporation official said, "International oil prices are on the rise due to factors such as a decrease in U.S. crude oil inventories and OPEC's forecast of increased oil demand."

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