According to the Korea National Oil Corp.’s Opinet price information system, the nationwide average gasoline price stood at 1,840.5 won per liter as of 7 p.m. on the 5th, up 63.0 won from the previous day. It was the first time the national average topped 1,800 won since Aug. 12, 2022, when it reached 1,805.9 won.
Diesel rose more sharply. The nationwide average diesel price climbed 111.0 won in a day to 1,839.8 won per liter. Diesel last exceeded 1,800 won on Dec. 12, 2022, when it was 1,807.4 won.
The recent rise in domestic fuel prices is widely attributed to heightened geopolitical tensions in the Middle East that have amplified swings in global crude prices. With concerns growing over potential supply disruptions, international crude prices have been trending higher, adding upward pressure to domestic petroleum product prices.
* This article has been translated by AI.
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