South Korea Gasoline prices, 24-Jun-2024

The current gasoline price in South Korea is KRW 1,649.00 per liter or USD 1.25 per liter and was updated on 24-Jun-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter.
South Korea
Gasoline prices
 Current price 1.25
 Measure USD/Liter
 Last update 2024-06-24
 Data availability from 2014-07-14
 Data frequency Weekly
Source: Korea National Oil Corporation

We show Octane-95 gasoline price data for South Korea from 2014-07-14 to 2024-06-24. The average gasoline price during that period is KRW 1,558.81 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 1,649.00 -
 One month ago 1,690.99 -2.5 %
 Three months ago 1,639.50 0.6 %
 One year ago 1,569.20 5.1 %

Our data on: CNN Bloomberg Reuters

South Korea Gasoline prices: The last eight weeks

South Korea Gasoline prices: The last eight weeks

South Korea Gasoline prices, liter, South Korean Won

South Korea Gasoline prices: Historical graph; 2014-07-14-2024-06-24
* A long flat line means that the government fixes the prices.
South Korea: Gasoline price analytics
Percent of world average gasoline price     89.18%
Correlation with crude oil prices     0.90
Percent change if oil prices increase 10%     4.36%
Correlation with USD exchange rate     -0.32
Price flexibility index: 0 (low) - 1 (high)     0.97
Correlation with diesel fuel prices     0.91
Percent of diesel price     107.79%
Cost of 40 liter tank, percent of income     1.74%
Gasoline consumption, percent of income     0.95%
Updated monthly. Methodological notes
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