Gas station gasoline prices rose in the 9th week… International oil prices decline slightly

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Gasoline prices at gas stations nationwide have been on the rise for the 9th consecutive week. On the other hand, international oil prices stopped rising this year due to the downward revision of the oil demand forecast.

According to Korea National Oil Corporation’s Oil Price Information Service Opinet on the 23rd, the average price of gasoline at gas stations nationwide in the third week of January (1.18-21) was 1,447.2 won per liter, up 7.9 won from last week.

The weekly increase has increased from 1.4 won per liter to 8.2 won, 12.2 won, 18.6 won, and 31.7 won per liter, and then decreases to 24 won, 16.7 won, 9.1 won, and 7.9 won.

Gasoline prices in Seoul, the nation’s highest priced area, rose 10.4 won to 1,525.4 won per liter from last week, 78.2 won higher than the national average. Seoul is the only region in the country that has exceeded the 1,500 won mark.

The price of gasoline in Daegu, the lowest priced area, was 1,430.3 won per liter, up 11.6 won compared to last week, which is 16.9 won lower than the national average.

By brand, gasoline at GS Caltex gas stations was the most expensive at 1,456.8 won per liter, and gasoline at affordable gas stations was the cheapest at 1,408.2 won per liter.

The price of diesel at gas stations nationwide also rose 7.8 won from last week to 1,247.6 won per liter.

International oil prices recently stopped rising and turned downward.

The price of Dubai oil, which is the standard of crude oil imported into Korea, fell by 0.4 dollars from the previous week to 55.3 dollars per barrel.

International gasoline prices fell by 0.6 dollars from the previous week to 59.2 dollars per barrel, and international automobile diesel prices fell by 0.2 dollars to 60.8 dollars per barrel.

The Korea Petroleum Corporation analyzed that “international oil prices showed a slight decline due to the downward revision of the oil demand forecast by the International Energy Agency (IEA) in 2021 and the temporary decrease in the supply of Corona 19 vaccine to Europe.”

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