Average National Gasoline Price at 2,011 Won... Fuel Prices Fall for Second Consecutive Week

Seoul at 2,050.8 won, Daegu at 1,993.6 won

This week, the national weekly average prices of gasoline and diesel at domestic gas stations declined slightly for the second consecutive week.

According to Opinet, the oil price information system of Korea National Oil Corporation, the average nationwide sales price of gasoline at gas stations during the fourth week of May (from the 24th to the 28th) was 2,011.1 won per liter, down 0.2 won from the previous week.

By region, Seoul recorded the highest price at 2,050.8 won, down 0.6 won from the previous week, while Daegu posted the lowest at 1,993.6 won, a decrease of 0.8 won.

Yonhap News Agency

By brand, SK Energy gas stations had the highest average price at 2,015.4 won, while thrifty gas stations recorded the lowest at 1,996.6 won.

The average diesel price was 2,005.7 won, down 0.2 won from the previous week.

This week, international oil prices fell following reports of a memorandum of understanding aimed at ending the war between the United States and Iran. However, intermittent military clashes between the two sides limited the decline.

Dubai crude, the benchmark for imported crude oil prices, was 98.4 dollars, down 7.4 dollars from the previous week. The international gasoline price dropped by 11.8 dollars to 121.9 dollars, and international automotive diesel fell by 18.4 dollars to 142.8 dollars. Fluctuations in international oil prices are typically reflected in domestic gas station prices with a lag of about two to three weeks.

Meanwhile, the government has frozen the sixth oil price ceiling, which has been in effect since the 22nd. As a result, gasoline remains at 1,934 won per liter, diesel at 1,923 won, and kerosene at 1,530 won. These figures are the same as those for the second to fifth price ceilings.

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