Gasoline, 1,500 won in 2 months…”Next week also expected to be weak”

2023-06-02 21:56:29

▲ Gasoline and diesel refueling Photo: Yonhap News

This week, as gasoline and diesel prices at domestic gas stations showed a downward trend, the price of gasoline fell to the 1,500 won level in two months.

Gasoline prices have recently fallen for five consecutive weeks, reaching the KRW 1,500 level for the first time in about two months.

According to Korea National Oil Corporation’s oil price information system Opinet, the average selling price of gasoline at gas stations nationwide in the fifth week of May (May 28-June 1) was 1,599 won per liter, down 10.6 won from the previous week.

It fell below 1,600 won in two months.

The average price of gasoline this week in Seoul, the most expensive region in Korea, was 1,673.3 won, down 9.9 won from last week, and in Daegu, the lowest-priced region, was 1,557.3 won, down 8.6 won.

Gwangju was counted at 1,577 won, the same as Jeonju.

This week’s diesel sales price recorded 1,421.3 won, down 17.7 won from last week.

Diesel prices fell for the sixth week in a row.

It is analyzed that domestic oil prices declined this week due to the increase in US weekly crude oil inventories and the prospect of a decrease in demand due to the sluggish economic indicators in China.

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