Seoul's highest, Busan's lowest... Nationwide gasoline prices surpass 1,844 KRW, rising in tandem with diesel

The average price of gasoline at nationwide gas stations is 1844.36 KRW per liter, up 24.24 KRW from last week, breaking through the 1840 KRW mark. Diesel prices have also risen to 1839.18 KRW per liter, an increase of 22.29 KRW, showing a synchronized upward trend. The prices of both types of fuel have maintained an upward momentum for two consecutive weeks, with increasing upward pressure.

By region, based on gasoline prices, Seoul’s price is 1876.83 KRW per liter, the highest in the country, 32.47 KRW above the national average. In contrast, Busan’s price is 1819.75 KRW, the lowest in the country, widening the gap with Seoul’s price to 57.08 KRW. For diesel, Seoul also has the highest price at 1862.33 KRW, while Busan has the lowest at 1815.86 KRW, with a difference of 46.47 KRW between the two.

Regionally, the capital area leads the upward trend. Gyeonggi Province (1851.90 KRW) and Incheon (1840.40 KRW) have prices above the national average, joining the upward movement. The Chungcheong area is also experiencing a synchronized increase, with prices in South Chungcheong (1858.17 KRW), North Chungcheong (1854.87 KRW), and Sejong (1844.88 KRW) approaching or exceeding the 1850 KRW line. Daejeon’s price is relatively low at 1832.40 KRW, but it has risen 34.78 KRW from last week, showing a significant increase. In contrast, in the Yeongnam area, prices in some regions such as Busan (1819.75 KRW) and Ulsan (1826.03 KRW) are below the average, showing a limited upward trend.

In terms of international oil prices during the same period, gasoline is around 1819.23 KRW and diesel is around 1815.77 KRW, which is lower than domestic prices. However, due to structural delays in reflecting the rise in international product prices, domestic oil prices are likely to continue facing upward pressure in the short term. Although the increase may be limited due to refining profits and exchange rate variables, whether it can stabilize near the 1850 KRW line in the short term becomes a major focus.

■ National Gasoline/Diesel Prices

National: Gasoline 1844.36 KRW / Diesel 1839.18 KRW

Seoul: Gasoline 1876.83 KRW / Diesel 1862.33 KRW

Gyeonggi Province: Gasoline 1851.90 KRW / Diesel 1846.03 KRW

Gangwon Province: Gasoline 1839.92 KRW / Diesel 1832.82 KRW

North Chungcheong Province: Gasoline 1854.87 KRW / Diesel 1848.91 KRW

South Chungcheong Province: Gasoline 1858.17 KRW / Diesel 1852.61 KRW

North Jeolla Province: Gasoline 1837.22 KRW / Diesel 1831.24 KRW

South Jeolla Province: Gasoline 1835.02 KRW / Diesel 1831.47 KRW

North Gyeongsang Province: Gasoline 1836.93 KRW / Diesel 1832.14 KRW

South Gyeongsang Province: Gasoline 1838.28 KRW / Diesel 1837.03 KRW

Busan: Gasoline 1819.75 KRW / Diesel 1815.86 KRW

Jeju Province: Gasoline 1841.30 KRW / Diesel 1840.19 KRW

Daegu: Gasoline 1835.65 KRW / Diesel 1829.89 KRW

Incheon: Gasoline 1840.40 KRW / Diesel 1837.88 KRW

Gwangju: Gasoline 1843.22 KRW / Diesel 1837.33 KRW

Daejeon: Gasoline 1832.40 KRW / Diesel 1827.27 KRW

Ulsan: Gasoline 1826.03 KRW / Diesel 1823.74 KRW

Sejong City: Gasoline 1844.88 KRW / Diesel 1842.53 KRW