[AKyung Photo] 'Gasoline Prices, After 2 Months...'
Gasoline prices at a gas station in Seoul on October 10. Photo by Jinhyung Kang aymsdream@
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Gasoline selling price at a gas station in Seoul on December 4. Photo by Jinhyung Kang aymsdream@
View original imageAs international oil prices decline, domestic gasoline prices are also on a downward trend. After reaching 1,796.38 KRW per liter on October 4, prices have continued to fall, dropping to 1,630.55 KRW per liter as of the 5th of this month.
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The international price of Dubai crude oil, which we mainly import, rose from $74.8 per barrel in June to $93 in September, but then fell to $89 in October and $83.5 in November. On the 4th, it dropped further to $81.3, leading to expectations that the international oil price stabilization trend will continue into December.
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