HD Hyundai Oilbank announced on the 16th that the cumulative sales volume of its ultra-premium gasoline 'Ultra Kajen' has surpassed 200,000 barrels within three years of its launch.
At the end of 2021, HD Hyundai Oilbank developed Ultra Kajen, an ultra-premium gasoline with an octane rating of 102 or higher, the first of its kind in Korea. It targets drivers of supercars and domestic premium passenger vehicles.
The 200,000 barrels sold by HD Hyundai Oilbank is enough to fuel approximately 400,000 supercars.
HD Hyundai Oilbank is the only company in Korea producing and selling ultra-premium gasoline with an octane rating of 102 or higher. It possesses advanced refining technologies such as premium gasoline blending materials and low-temperature cooling technology.
Octane rating refers to the fuel's resistance to knocking, an abnormal explosion phenomenon caused by incomplete combustion. The higher the octane rating, the less abnormal explosion occurs, resulting in more complete combustion and better fuel quality. Regular gasoline has an octane rating of 91 to 93, while premium gasoline is 94 or higher.
The industry anticipates that demand for ultra-premium gasoline will increase in the future. For example, sales of domestic representative premium vehicle brands doubled from about 66,000 units in 2016 to 130,000 units last year.
Additionally, sales of luxury supercars with acquisition prices over 300 million KRW reached 3,138 units in 2023, marking a 10.2-fold increase compared to 307 units in 2018, demonstrating strong growth.
An HD Hyundai Oilbank official stated, "The domestic premium gasoline market has more than doubled compared to 2020, reflecting growing consumer demand for premium products. The number of ultra-premium gasoline service stations has expanded from 15 at launch to 62 nationwide, and we plan to continue expanding mainly at locations with high market potential."
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