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Photo: KBS News
Oil prices from gas stations across the country have risen for the second consecutive week since last week. Notably, this week, the increase in gasoline prices jumped to 8 won.
According to the Korea National Oil Corporation’s Oil Price Information Service Opinion on 5th, the nationwide gasoline selling price in the first week of December was 1,327.0 won per liter, up 8.2 won. compared to last week.
Gasoline prices remained unchanged in July-August and fell in September, but rebounded last week after 14 weeks and rose again.
Last week, the increase was only 1.4 wins, but this week it increased to 8.2 wins.
International fluctuations in oil prices are reflected in Korea over a time frame of 2-3 weeks. International oil prices are rising due to recent expectations for a Corona 19 vaccine development, and domestic oil prices are also rising.
The price of gasoline in Seoul, the area with the highest price in the nation, was 1,414.4 won per liter, up 6.7 won from last week.
The price of gasoline in Daegu, the area with the lowest price, increased by 9.7 won to 1,295.1 won per liter.
By brand, the price of gasoline at SK gas stations was the most expensive at an average of 1,336.1 won per liter, and gasoline at a cheap gas station was the cheapest at 1,295.5 won per liter.
The price of gas stations nationwide was 1,127.2 won per liter, up 8.5 won over last week.
International oil prices continue to rise, expecting domestic oil prices to rise further for the time being.
The price of Dubai oil, which is the standard for imported crude in Korea, has increased by $ 0.6 from last week to $ 47.4 a barrel.
International gasoline prices also rose from $ 0.4 to $ 49.2 per barrel, approaching a break of $ 50.
Korea Petroleum Corporation said: “The uncertainty was resolved with the resumption of negotiations for further support from the United States, the approval of the emergency use of the Corona 19 vaccine and the decision on the extent of the cuts to the production by OPEC +, a consultation between the Organization of Petroleum Exporting Countries (OPEC) and major non-OPEC oil producing countries., US crude oil inventories continued to rise, “he explained.
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