On the 18th, the sixth day since the oil price cap took effect, the nationwide average gas station fuel price is transacting at a level similar to the previous day, in the 1,820-won range.
According to Opinet, the oil price information system of Korea National Oil Corporation (KNOC), as of 10 a.m. the nationwide average gasoline price at gas stations was 1,825.58 won per liter (L), down 1.92 won from 2 a.m. the same day, the previous posting time. Diesel was 1,823.20 won, down 2.41 won over the same period, falling more than gasoline.
Diesel and gasoline prices also fell in Seoul, the region with the most expensive fuel prices nationwide. The average gasoline price in Seoul was 1,852.52 won, down 2.13 won from 2 a.m. Seoul's average diesel retail price was 1,840.62 won, down 3.15 won from 2 a.m.
Since the 13th, when the price cap was implemented, gasoline and diesel prices have been declining. Compared with Mar. 12, before the price cap was posted, the nationwide average gasoline price as of the previous day fell 71.26 won per liter. The number of gas stations that cut gasoline prices was 9,213, accounting for 89.34% of the total.
Over the same period, the nationwide average diesel price fell 93.43 won. The number of gas stations that cut diesel prices was 9,367, accounting for 90.38% of the total.