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Gasoline and Diesel Prices: SK Energy vs GS Caltex and Refinery Supply Prices

Recorded KRW 1,583.7 for gasoline and KRW 1,394.9 for diesel
Refinery supply prices are high for SK Energy and low for GS Caltex

[투데이에너지 조대인 기자] Gasoline and diesel prices at gas stations rose for two weeks in a row, and in the second week of July, SK Energy had the highest supply price, while GS Caltex had the lowest.

Korea National Oil Corporation (President Kim Dong-seop) announced that, through the weekly price trend of domestic petroleum products by Opinet, an oil price information system, the selling price of gasoline at gas stations in the third week of July increased by 11.5 won from the previous week to 1,583.7 won, while diesel increased by 12.8 won for the second consecutive week following last week, but indoor kerosene recorded 1,316.4 won, down by 0.7 won.

By brand, thrifty gas stations were low, but SK Energy brand gas stations were high for gasoline and GS Caltex brand gas stations were high for diesel.

The average selling price of gasoline at thrifty gas stations was low at 1,549.3 won per liter, but SK Energy brand gas stations had the highest price at 1,592.1 won.

The average selling price of diesel at thrifty gas stations was low at 1,357.9 won per liter, but the price at GS Caltex branded gas stations was high at 1,406.2 won.

At SK Energy brand gas stations, which showed the highest gasoline price, diesel prices rose by 13.2 won to 1,404.6 won, and at GS Caltex brand gas stations, which showed the highest diesel price, gasoline prices rose by 11.2 won to 1,591.9 won.

At S-OIL brand gas stations, gasoline rose 11.6 won to 1,585.2 won, and diesel rose 13.1 won to 1,391.2 won. At HD Hyundai Oilbank brand gas stations, gasoline rose 12.5 won to 1,584.0 won, and diesel rose 13.8 won to 1,396.9 won.

Following thrifty gas stations, private label gas stations with cheaper sales prices showed 1,572.1 won for gasoline, up 11.0 won, and 1,391.9 won for diesel, up 8.6 won.

Gasoline sales prices by region were 1,657.7 won per liter, up 15.1 won from the previous week, and 74.1 won higher than the national average.

Jeju-do sold gasoline at 1,622 won, recording the second highest selling price in the country after Seoul. Won, Gwangju 1,567 won, Gyeongnam 1,566 won, Busan 1,564 won, Daegu 1,556 won, etc.

The price of gasoline in Ulsan, the lowest-priced region, increased by 13.5 won per liter to 1,554.8 won from the previous week, which was 28.9 won lower than the national average.

In the second week of July, which is one week later than the selling price at gas stations, the supply price of each petroleum product at refineries was ¡1,521.7 won for gasoline, up 10.1 won from the previous week, 1,358.1 won for diesel, up 29.3 won, and 1,041.8 won for diesel oil, up 79.6 won from the previous week.

As for supply prices by refinery, SK Energy (CEO Cho Kyung-mok), the highest priced oil refiner, recorded 1,537.5 won per liter, up 14.8 won from the previous week, and 1,375.5 won for diesel, up 40.5 won per liter.

Following that, S-OIL (CEO Anwar Al-Hiziazi) increased gasoline by 14.5 won to 1,537.2 won, diesel by 32.5 won to 1,366.2 won, and HD Hyundai Oilbank (CEO Joo Young-min) by gasoline by 18.6 won to 1,529.0 won and diesel by 25.1 won to 1,348.0 won.

GS Caltex (CEO Se-Hong Heo), the lowest-priced oil company, recorded KRW 1,480.3 per liter for gasoline, down 8.2 won from the previous week, and KRW 1,331.4 for diesel, up 13.6 won per liter.

Meanwhile, international oil prices in the third week of July are rising due to factors such as the decline in US weekly oil inventories, Russia’s refusal to extend the Black Sea Grain Agreement, China’s surge in crude oil imports in June, and expectations of monetary easing in the UK.

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2023-07-23 13:18:00
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