Korea Joongang Daily
Korea JoongAng Daily

Paying more at the pump

The weekly average prices of gasoline and diesel at domestic gas stations slightly increased this week, reversing the downward trend after just one week.

2025-07-20

Israel-Iran conflict sends oil prices soaring, risking global inflationary pressure

The conflict between Israel and Iran pushed West Texas Intermediate crude futures up to $73.77, continuing an upward trend that could induce inflation in Korea and globally.

2025-06-16

Korean companies brace for shock as oil prices rise over Israel-Iran conflict

Global oil prices are soaring and Korean industries are bracing for impact after Israel launched airstrikes on Iran, jolting already fragile energy markets and raising the specter of a regional economic shock.

2025-06-15

Oil jumps more than 7% as Israel strikes Iran, rattling investors

Oil prices jumped more than 7 percent on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.

2025-06-13

Gov't asks oil industry to refrain from price hikes ahead of tax adjustment

The Industry Ministry on Tuesday asked oil companies to refrain from drastic price hikes, as the government plans to scale back the fuel tax cut starting next month, officials said.

2025-04-29

Price plummet: Gas drops for sixth week straight

Gasoline prices have fallen for six consecutive weeks.

2025-03-16

Korea's import prices surge in October driven by rising oil prices, weak won

Korea's import prices rose by the largest margin in six months in October due to rising global oil prices and the weak Korean currency, central bank data showed Tuesday.

2024-11-13

유가, 요즘 왜 오르나

Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices higher.

2024-04-15

BOK signals longer restrictive stance amid high inflation and oil prices

The Bank of Korea maintained its interest rate at 3.5 percent amid uncertainties about inflation and global oil prices. A rate cut could be possible starting in July.

2024-04-12

[THINK ENGLISH] 올리브 오일, 왜 지금 이렇게 비싸졌나

There is something different lately about the olive oil Michelle Spangler buys, bottles and infuses with flavors such as basil and blood orange for her store in Dallas. It’s not the taste but the cost: Global olive oil prices have soared to record...

2023-11-02