Gas Prices at South Korean Stations Fall for 4th Consecutive Week Amid Hopes for End to Hostilities

Average weekly prices for gasoline and diesel at gas stations across South Korea have fallen for the fourth consecutive week.

According to Opinet, the oil price information system operated by the Korea National Oil Corporation, the average retail price of gasoline at gas stations nationwide for the second week of June was 2,009.9 won per liter, down 0.5 won from the previous week.

The average retail price of diesel fell by 0.3 won from the previous week to 2,004.8 won.

International oil prices rose early in the week as hostilities between the United States and Iran continued, but they gave back those gains and declined toward the end of the week following U.S. President Trump's remarks regarding the development of a peace agreement between the two countries.
※ Please note: This article was translated by AI and may contain errors.