Gasoline Prices at Gas Stations Stable for 2 Weeks... Nationwide Average 1,534.3 Won

According to Opinet, the oil price information service of Korea National Oil Corporation, the average retail price of gasoline nationwide in the third week of March was 1,517.4 KRW per liter, up 18.8 KRW from the previous week. This is the first time in a year since the second week of March last year that the weekly average gasoline price has exceeded 1,500 KRW. A gas station in downtown Seoul on the 21st. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Yoon-joo] The price of gasoline sold at gas stations has remained steady for two consecutive weeks.

According to Opinet, the oil price information service of the Korea National Oil Corporation, the nationwide gasoline retail price for the third week of April recorded 1,534.3 KRW per liter, down 0.6 KRW from the previous week.

By region, the highest gasoline price was in Jeju, which fell 12.7 KRW from the previous week to 1,619.9 KRW per liter. This is 85.6 KRW higher than the national average price. The lowest price region, Daegu, recorded a gasoline price of 1,510.7 KRW per liter.

By brand, the average gasoline price at Altteul gas stations was the lowest at 1,509.1 KRW per liter. The most expensive was SK Energy gas stations, with gasoline priced at 1,541.4 KRW per liter.

For diesel, Altteul gas stations also had the lowest price at 1,304.2 KRW per liter, while GS Caltex gas stations had the highest at 1,340.2 KRW per liter.

The Korea National Oil Corporation stated, "The upward trend is being recorded due to the European Central Bank (ECB) holding its benchmark interest rate steady, favorable economic indicators, the spread of COVID-19 vaccinations, and the U.S. considering additional fiscal spending measures."