The average gasoline price at gas stations nationwide is nearing 2,000 won per liter (L).
According to Opinet, the oil price information system of Korea National Oil Corporation (KNOC), as of 9:30 a.m. on the 17th, the nationwide average gasoline price at gas stations was 1,999.60 won per L, up 0.54 won from the same time the previous day. The nationwide average diesel price was 1,993.63 won, up 0.51 won.
Seoul-area fuel prices are also on the rise. At the same time, the gasoline price in Seoul was 2,029.61 won, up 0.89 won from the previous day. The diesel price was 2,015.71 won, up 1.17 won.
Following Seoul, regions where gasoline prices exceed 2,000 won per L include Jeju (2,029 won), North Chungcheong (2,006 won), Gyeonggi (2,004 won), South Chungcheong (2,002 won), and Gangwon (2,001 won). The only region where diesel prices exceeded 2,000 won per L after Seoul was Jeju (2,017 won).
International oil prices rose overnight. On the 16th (local time), June delivery Brent crude futures settled at $99.39 per barrel, up 4.7% from the previous session. May delivery West Texas Intermediate crude futures settled at $94.69 per barrel, up 3.7% from the previous session.