Seoul gasoline tops 2,000 won a liter $5 a gallon as fuel prices rise
· UPIApril 7 (Asia Today) -- Gasoline prices in Seoul rose above 2,000 won ($1.33) a liter, $5.03 a gallon Monday for the first time in nearly three years and eight months, as fuel costs climbed in the wake of the Middle East war.
According to Opinet, the oil price information system operated by the Korea National Oil Corp., the nationwide average price of gasoline stood at 1,966.91 won ($1.30) per liter at noon, up 8.54 won from a day earlier. Diesel rose 8.94 won to 1,958.15 won ($1.30) per liter.
In Seoul, the average gasoline price reached 2,011.54 won ($1.33) per liter, up 11.15 won from the previous day, while diesel climbed 13.46 won to 1,981.46 won ($1.31). It was the first time since July 25, 2022, during a prolonged spike tied to the Russia-Ukraine war, that Seoul's average gasoline price moved back above the 2,000-won mark.
Jeju had the highest average gasoline price in the country at 2,020.10 won ($1.34) per liter, up 5.34 won from a day earlier. Average diesel prices there rose 8.34 won to 1,996.26 won ($1.32).
Opinet updates nationwide prices for gasoline, diesel and liquefied petroleum gas several times a day, including at 9 a.m., noon, 4 p.m., 5 p.m. and 1 a.m. Its benchmark price is based on data compiled at 4 p.m. the previous day.
As of 9 a.m. Monday, the national average gasoline price had already risen to 1,964.7 won ($1.30) per liter, up 6.4 won from the previous day. Diesel opened at 1,955.6 won ($1.30), also up 6.4 won.
-- Reported by Asia Today; translated by UPI
© Asia Today. Unauthorized reproduction or redistribution prohibited.
Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260407010002051