South Korea Gasoline prices, 05-May-2025
The current gasoline price in South Korea is KRW 1,635.47 per liter or USD 1.24 per liter and was updated on 05-May-2025.
For comparison, the average price of gasoline in the world is USD 1.19 per liter.
South Korea |
Gasoline prices |
|---|---|
| Current price | 1.24 |
| Measure | USD/Liter |
| Last update | 2025-05-05 |
| Data availability from | 2015-05-25 |
| Data frequency | Weekly |
Source: Korea National Oil Corporation
We show Octane-95 gasoline price data for South Korea
from 2015-05-25 to 2025-05-05.
The average gasoline price during that period is KRW 1,560.17
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.
Gasoline prices |
Price (KRW/Liter) | Percent change |
|---|---|---|
| Current price | 1,635.47 | - |
| One month ago | 1,665.11 | -1.8 % |
| Three months ago | 1,733.06 | -5.6 % |
| One year ago | 1,711.72 | -4.5 % |
South Korea Gasoline prices: The last eight weeks
South Korea Gasoline prices, liter, South Korean Won
* A long flat line means that the government fixes the prices.
South Korea: Gasoline price analytics |
Value |
|---|---|
| Percent of world average gasoline price | 97.09% |
| Correlation with crude oil prices | 0.86 |
| Correlation with USD exchange rate | -0.08 |
| Price flexibility index: 0 (low) - 1 (high) | 0.97 |
| Correlation with diesel fuel prices | 0.83 |
| Percent of diesel price | 108.53% |
| Cost of 40 liter tank, percent of income | 1.93% |
| Gasoline consumption, percent of income | 1.09% |
Updated monthly. Methodological notes
