Korea fuel prices fall for seventh week Gasoline and diesel prices dropped into the mid-1,900 won per liter ($1.24) range nationwide as lower crude costs and government price caps continued to ease pressure at the pump. 2026.7.4
Gas prices drop for third straight week Gas prices have decreased for the third consecutive week. 2025.3.2
Gas prices hit five-month high Gas prices in South Korea surpassed 1,700 won per liter for the first time in five months, influenced by rising oil prices following U.S. sanctions on Russia, according to Opinet. 2025.1.14
Gas prices rise for eighth week straight The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday. 2024.12.8
5 global firms want in on potential oil reserves in East Sea: KNOC The Korea National Oil Corporation said that five global companies have expressed interest in joining the development of the potential oil and gas reserves. 2024.6.19
Another sign of inflation A signboard at a gas station in Seoul shows petroleum prices on Monday. According to data from the Korea National Oil Corporation, average petroleum prices in the second week of August rose by 1.7 won (0.15 cents) to 1,647.3 won per liter. 2021.8.16
Gas price rise both cause for concern and sign of recovery Lee Min-young, a 39-year-old office worker and resident of Samseong-dong, southern Seoul, was startled upon her visit to a gas station in her neighborhood, when she saw that the price of gasoline was 1,528 won ($1.41) per liter. 2021.1.7
![Prices are displayed at a gas station in Seoul on March 2. [YONHAP]](https://image.koreajoongangdaily.com/10917972.jpg?imageId=10917972&width=240&height=184&format=webp&format=jpg)
![Pictured is a gas station in Seoul on Jan. 14. [YONHAP]](https://image.koreajoongangdaily.com/11294981.jpg?imageId=11294981&width=240&height=184&format=webp&format=jpg)
![Gasoline prices are displayed at a gas station in Seoul on Sunday. [YONHAP]](https://image.koreajoongangdaily.com/11020678.jpg?imageId=11020678&width=240&height=184&format=webp&format=jpg)
![Korea National Oil Corporation CEO Kim Dong-sub speaks during a briefing in Sejong on Wednesday. [YONHAP]](https://image.koreajoongangdaily.com/12277541.jpg?imageId=12277541&width=240&height=184&format=webp&format=jpg)
![A signboard at a gas station in Seoul shows petroleum prices on Monday. According to data from the Korea National Oil Corporation on Saturday, average petroleum prices in the second week of August rose by 1.7 won (0.15 cents) to 1,647.3 won per liter. Oil prices have been on the rise from May. Last week was the 15th consecutive week of oil price increases. [YONHAP]](https://image.koreajoongangdaily.com/11503303.jpg?imageId=11503303&width=240&height=184&format=webp&format=jpg)
![A gas station in downtown Seoul charges 1,990 won ($1.83) per liter of gasoline and 1,790 won for a liter of diesel on Jan. 3. [NEWS 1]](https://image.koreajoongangdaily.com/11173073.jpg?imageId=11173073&width=240&height=184&format=webp&format=jpg)