|
Korea's retail gasoline prices are the fourth highest among the 28 member states of the OECD based on purchasing power parity as of 2008, meaning Koreans pay over the odds for their gas.
According to the Korea National Oil Corporation, by gasoline prices converted into U.S. dollars based on the PPP exchange rate, which reflects commodity prices and purchasing power, the consumer price of gasoline was US$2.459 per liter last year. Turkey ranked top with $3.624 per liter, followed by Poland ($2.552) and Slovakia ($2.462).
The U.S.' PPP-based gasoline price was $1.017 per liter, less than half of Korea's. Gasoline prices in other advanced countries were also lower than Korea's, with $1.489 in Japan, $1.819 in Germany and $1.740 in the U.K.
The average gasoline price of the OECD nations was $1.751. Korea's high price is due in large part to the extremely high oil tax and the high price of land for gas stations.
(englishnews@chosun.com )
|
