Korea Joongang Daily
Korea JoongAng Daily

Continuing decline

The price of gasoline and diesel are displayed at a gas station in downtown Seoul on Sunday. The average gas price at stations nationwide was 1,745.8 won ($1.33) per liter for the first week of November, a decline for four consecutive weeks.

2023-11-05

Biting the bullet

Gas prices are displayed at a gas station in downtown Seoul on Wednesday. Brent crude oil prices traded at $94.34 per barrel Tuesday to hit a 10-month high, according to the Korea National Oil Corporation's price tracking system Opinet.

2023-09-20

Gas prices down

A gas station in Daejeon displays the price of gasoline at 1,395 won ($1.10) on Tuesday. The price was at the daily low as of 11 a.m., according to Opinet, the Korea National Oil Corporation’s oil price management system.

2022-12-13

Persistent inflation

Korea's producer price index rose 0.5 percent on month in October to 120.61 due to high energy and gas prices, according to the Bank of Korea Thursday. The figure is up 7.3 percent on year.

2022-11-24

Pump prices

The average gasoline price nationwide reached 2,119.53 won per liter ($6.2 per gallon) on Wednesday, up 3.18 won from the previous day, according to Opinet, the Korea National Oil Corporation's official oil price management system website.

2022-06-22

Gas tax talk

According to Korea National Oil Corp., the average price of a liter of gasoline is down 0.57 won compared to the last week of March to 1,993.97 won. The average price in Seoul dropped 2.25 won to 2,052.74 during the same period

2022-04-03

Price pressures

Local gasoline prices have been rising for an eighth consecutive week as Russia's invasion of Ukraine drove up the price of crude oil.

2022-03-15

Up at the pump

Prices at Korea’s gas stations have surged for six consecutive weeks. According to Opinet, gasoline prices in the first week of July rose by 9.1 won per liter to 1,355.4 won.

2020-07-05