Nationwide Diesel Prices Drop to 1,800 Won Range; Gasoline Prices Also on the Decline

As fuel prices at gas stations across the country continue to fall due to the implementation of the 7th oil price ceiling system and the stabilization of international oil prices, domestic diesel prices have entered the 1,800 won range.
According to Opinet, the oil price information service provided by the Korea National Oil Corporation, the average retail price of diesel at gas stations nationwide was recorded at 1,899.8 won per liter as of 4:00 p.m. today (July 3).
This is a decrease of 10.5 won compared to yesterday.
The national average diesel price had remained above the 2,000 won mark since April due to geopolitical instability in the Middle East and rising international oil prices. However, it fell below 2,000 won on June 24 for the first time in two months and has continued its downward trend.
At the same time today, the national average price of gasoline was recorded at 1,911.7 won.
As the recent downward trend continues, it appears highly likely that the average gasoline price will also fall into the 1,800 won range in the near future.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.