South Korea Gasoline prices, 26-Feb-2024

The current gasoline price in South Korea is KRW 1,627.08 per liter or USD 1.24 per liter and was updated on 26-Feb-2024. For comparison, the average price of gasoline in the world is USD 1.22 per liter.
South Korea
Gasoline prices
 Current price 1.24
 Measure USD/Liter
 Last update 2024-02-26
 Data availability from 2014-03-17
 Data frequency Weekly
Source: Korea National Oil Corporation


We show Octane-95 gasoline price data for South Korea from 2014-03-17 to 2024-02-26. The average gasoline price during that period is KRW 1,565.37 per liter with a minimum of KRW 1,248.85 on 2020-05-25 and a maximum of KRW 2,137.65 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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Gasoline prices
Price (KRW/Liter) Percent change
 Current price 1,627.08 -
 One month ago 1,563.71 4.1 %
 Three months ago 1,641.24 -0.9 %
 One year ago 1,580.16 3.0 %


Our data on: CNN Bloomberg Reuters



South Korea Gasoline prices, liter, South Korean Won


South Korea Gasoline prices: Historical graph; 2014-03-17-2024-02-26
* A long flat line means that the government fixes the prices.
South Korea: Gasoline price analytics
    Value
Correlation with crude oil prices     0.90
Correlation with diesel fuel prices     0.91
Gasoline / world average gasoline price     0.88
Gasoline / diesel price     1.06
Cost of 40 liter tank, percent of income     1.50 %
Gasoline consumption, percent of income     0.82 %
Updated monthly. Methodological notes
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