South Korea Gasoline prices, 11-May-2026

The current gasoline price in South Korea is KRW 2,011.22 per liter or USD 1.53 per liter and was updated on 11-May-2026. For comparison, the average price of gasoline in the world is USD 1.46 per liter.
South Korea
 Gasoline prices
 Current price 1.53
 Measure USD/Liter
 Last update 2026-05-11
 Data availability from 2016-05-30
 Data frequency Weekly
Source: Korea National Oil Corporation


We show Octane-95 gasoline price data for South Korea from 2016-05-30 to 2026-05-11. The average gasoline price during that period is KRW 1,587.30 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.

Download data API Forecast


Gasoline prices
 Price (KRW/Liter) Percent change
 Current price 2,011.22 -
 One month ago 1,967.58 2.2 %
 Three months ago 1,688.26 19.1 %
 One year ago 1,637.38 22.8 %


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; 2016-05-30-2026-05-11
* A long flat line means that the government fixes the prices.
South Korea: Gasoline price analytics
     Value
Percent of world average gasoline price     93.02%
Correlation with crude oil prices     0.74
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     106.54%
Cost of 40 liter tank, percent of income     1.91%
Gasoline consumption, percent of income     1.08%
Updated monthly. Methodological notes
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