▲ A fuel price information board at a gas station in Seoul
The average weekly prices for gasoline and diesel at domestic gas stations have fallen for the fifth consecutive week.
According to Opinet, the Korea National Oil Corporation's fuel price information system, on Saturday (June 20), the average retail price of gasoline at gas stations nationwide for the third week of June (June 14–18) was 2,009.2 won per liter, down 0.7 won from the previous week.
By region, Seoul recorded the highest price at 2,051.2 won, down 0.3 won from the previous week, while Daegu recorded the lowest at 1,989.6 won, down 1.0 won.
By brand, SK Energy stations had the highest average price at 2,012.8 won, while Alttul (budget) gas stations had the lowest at 1,995.7 won.
The average retail price of diesel was 2,004.1 won, a decrease of 0.7 won from the previous week.
International oil prices this week fell as the implementation of the end-of-war MOU between the United States and Iran began in earnest, but the ongoing Israeli attacks on Lebanon limited the extent of the decline.
The price of Dubai crude, the benchmark for imported oil, was 74.8 dollars, down 13.6 dollars from the previous week.
International gasoline prices fell by 12.5 dollars to 103.6 dollars, and international automotive diesel prices dropped by 21.0 dollars to 116.5 dollars.
Fluctuations in international oil prices are typically reflected in domestic gas station prices with a lag of about two to three weeks.
Meanwhile, the government extended the 6th maximum petroleum price cap on the 18th.
Accordingly, the price caps remain at 1,934 won per liter for gasoline, 1,923 won for diesel, and 1,530 won for kerosene.
The government plans to determine the 7th maximum price cap after comprehensively reviewing future developments, such as the resumption of passage through the Strait of Hormuz and the status of international oil prices.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.