| ▲ Gasoline prices at gas stations nationwide have been on the rise for 9 consecutive weeks. (Photo = Yonhap News) |
Gasoline prices at gas stations nationwide have been rising for the 9th consecutive week. On the other hand, international oil prices declined slightly due to the downward revision of the oil demand forecast this year.
According to Korea National Oil Corporation’s Oil Price Information Service Opinet on the 23rd, the average price of gasoline at gas stations nationwide in the third week of January (1.18-21) rose 7.9 won to 1,447.2 won per liter from last week.
The weekly increase has increased from 1.4 won per liter to 8.2 won, 12.2 won, 18.6 won, and 31.7 won per liter, and then decreased to 24 won, 16.7 won, 9.1 won, and 7.9 won.
Gasoline prices in Seoul rose 10.4 won from last week to 1,525.4 won per liter. Seoul is the only region in the country that has exceeded the 1,500 won range, which is 78.2 won higher than the national average.
Daegu was the cheapest area. Daegu gasoline prices rose 11.6 won over last week to 1,430.3 won per liter, 16.9 won lower than the national average.
By brand, gasoline at the GS Caltex gas station was the most expensive at 1,456.8 won per liter. Gasoline at a thrift gas station was found to be the cheapest at 1,408.2 won per liter.
The price of diesel at gas stations nationwide also increased by 7.8 won from last week to 1,247.6 won per liter.
On the other hand, international oil prices recently stopped rising and showed a downward trend.
The price of Dubai oil, which is the standard for crude oil imported into Korea, fell by 0.4 dollars from the previous week to 55.3 dollars per barrel.
International gasoline prices fell by 0.6 dollars from the previous week to 59.2 dollars per barrel, and international automobile diesel prices were down by 0.2 dollars to 60.8 dollars per barrel.
The Korea Petroleum Corporation said, “International oil prices showed a slight decline due to the impact of the International Energy Agency (IEA)’s downward adjustment of the oil demand forecast in 2021 and the temporary decrease in the supply of Corona 19 vaccine to Europe.”
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