This week, the national average price of gasoline is 1,780 won per liter… 53 won↓

Domestic gasoline and diesel prices fell for the seventh week in a row.

According to Korea National Oil Corporation’s oil price information service Opinet on the 20th, the average selling price of gasoline at gas stations nationwide in the third week of August (14th to 18th) was 1780.2 won per liter, down 53.1 won from the previous week.

The national gasoline price, which has been on a downward trend for the past six weeks, has fallen to the 1,700 won per liter level for the first time in about five months. The photo shows a gas station in downtown Seoul on the 14th. yunhap news

By region, Seoul was the highest at 1847.5 won per liter, and Daegu was the cheapest at 1726.2 won. By brand, GS Caltex gas station was the most expensive with an average of 1789.3 won per liter, and thrifty gas station was the cheapest with 1757.7 won per liter.

As of 2 p.m. that day, the national average gasoline price was 1753.8 won per liter, down 4.06 won from the previous day.

Domestic diesel prices also fell for the seventh week in a row. The average price of diesel this week was 1878.8 won per liter, down 48.7 won from last week. As of 2 p.m. that day, the national average diesel price was 1853.3 won.

Meanwhile, international oil prices continued to decline due to hints of continued interest rate hikes by the US Federal Reserve, slowing economic indicators in China, and expectations for a conclusion of the Iran nuclear deal. The average price of Dubai crude, which is the standard for domestic imported crude oil, this week was $92.5 per barrel, down $3.4 from the previous week.

Reporter Park Se-joon [email protected]

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