South Korea Diesel prices, 26-Feb-2024

The current price of diesel fuel in South Korea is KRW 1,529.54 per liter or USD 1.16 per liter based on the latest update from 26-Feb-2024. For comparison, the world average diesel price is USD 1.21 per liter.
South Korea
Diesel prices
 Current price 1.16
 Measure USD/Liter
 Last update 2024-02-26
 Data availability from 2014-03-17
 Data frequency Weekly
Source: Korea National Oil Corporation


We show diesel price data for South Korea from 2014-03-17 to 2024-02-26. The average diesel price during that period is KRW 1,407.04 per liter with a minimum of KRW 1,059.98 on 2020-05-25 and a maximum of KRW 2,158.24 on 2022-07-04. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for South Korea every week.


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Diesel prices
Price (KRW/Liter) Percent change
 Current price 1,529.54 -
 One month ago 1,473.04 3.8 %
 Three months ago 1,584.98 -3.5 %
 One year ago 1,562.60 -2.1 %


Our data on: CNN Bloomberg Reuters



South Korea Diesel prices, liter, South Korean Won


South Korea Diesel prices: Historical graph; 2014-03-17-2024-02-26
* A long flat line means that the government fixes the prices.
South Korea: Diesel price analytics
    Value
Correlation with crude oil prices     0.89
Correlation with gasoline prices     0.91
Diesel / world average diesel price     0.87
Diesel / gasoline price     0.94
Cost of 40 liter tank, percent of income     1.42 %
Diesel consumption, percent of income     0.77 %
Updated monthly. Methodological notes
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