Gasoline Prices Fall for 20th Straight Week... Nationwide Average at 1,857.6 Won per Liter

1,904 Won in Seoul, 1,829.8 Won in Daegu

The nationwide average price of gasoline at gas stations continued to decline for the 20th consecutive week, falling slightly.

According to Korea National Oil Corporation's Opinet on October 3, the average retail price of gasoline at gas stations nationwide during the fifth week of September (September 27 to October 1) was 1,857.6 won per liter, down by 0.4 won from the previous week. Seoul recorded the highest price at 1,904.0 won, while Daegu had the lowest at 1,829.8 won.

Drivers are refueling at a gas station in Seoul. Photo by Yonhap News Agency

The average retail price of diesel was 1,843.3 won per liter, down by 0.1 won from the previous week.

This week, Dubai crude was priced at 107.6 dollars per barrel, down by 5.5 dollars compared to the previous week. The international price of gasoline rose by 3.3 dollars to 143.3 dollars, while international automotive diesel fell by 1.8 dollars to 174.9 dollars.

Changes in international oil prices are typically reflected in domestic gas station prices with a lag of about two to three weeks.

The government continues to set the maximum price for petroleum products at 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene.

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