Fuel Prices Continue to Rise... Gasoline at 1,938 Won, Diesel at 1,929 Won

Seoul Approaches 1,970 Won Range
Price Increase Accelerates

On the 3rd, due to the harsh remarks by U.S. President Donald Trump causing a surge in international oil prices, a gasoline and diesel price notice is displayed at a gas station in Yongsan-gu, Seoul. 2026.04.03 Photo by Yoon Dongju

Amid growing concerns over a prolonged war in the Middle East, fuel prices at domestic gas stations continue to rise day after day.

According to Opinet, the oil price information system, as of 9 a.m. on April 4, the national average gasoline price at gas stations was 1,938.6 won per liter, up 6.8 won from the previous day. The price of diesel also rose by 6.3 won during the same period, reaching 1,929.4 won per liter.

The increase was particularly pronounced in the Seoul region. The average gasoline price in Seoul rose by 9.2 won compared to the previous day, reaching 1,976.7 won per liter, while diesel increased by 8.4 won to 1,952.3 won per liter.

International oil prices are under upward pressure as the possibility of a prolonged Middle East war is highlighted by announcements such as U.S. President Donald Trump's plan to intensify attacks on Iran.

Since changes in international oil prices are usually reflected in domestic gas station prices with a lag of about two to three weeks, there are projections that the upward trend in fuel prices is likely to continue for the time being.

Previously, the government raised the maximum price for petroleum products—the price cap at which refiners supply to frontline gas stations—to 1,934 won per liter of gasoline and 1,923 won per liter of diesel, effective from midnight on March 27.

This content was produced with the assistance of AI translation services.