Gasoline Prices at Highest Level in Nearly 3 Years

  • By Ahn Joon-ho

    July 05, 2021 10:46

    A woman fills up her car at a gas station in Seoul on Sunday. /Yonhap

    Gasoline prices have surpassed W1,600 per liter for the first time in nearly three years (US$1=W1,135).

    According to state-run Korea National Oil Corporation, the average price of gasoline nationwide at the end of June was W1,600.9 per liter, up W13.5 from the previous week.

    It has risen for nine consecutive weeks since the first week of May, and stands at its highest level since it peaked at W1,615 per liter in November 2018.

    Since last month, the average price has risen by more than W10 per liter per week.

    Seoul had the highest average price with W1,683.5 per liter, while Daegu had the lowest average price of W1,578.4.

    Diesel prices have also risen for nine weeks in a row since early May, with the average price standing at W1.389.1 per liter.

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