South Korea Gasoline prices, 14-Oct-2024
The current gasoline price in South Korea is KRW 1,587.61 per liter or USD 1.21 per liter and was updated on 14-Oct-2024.
For comparison, the average price of gasoline in the world is USD 1.18 per liter.
South Korea |
Gasoline prices |
---|---|
Current price | 1.21 |
Measure | USD/Liter |
Last update | 2024-10-14 |
Data availability from | 2014-11-03 |
Data frequency | Weekly |
Source: Korea National Oil Corporation
We show Octane-95 gasoline price data for South Korea
from 2014-11-03 to 2024-10-14.
The average gasoline price during that period is KRW 1,553.97
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 | 1,587.61 | - |
One month ago | 1,636.09 | -3.0 % |
Three months ago | 1,713.00 | -7.3 % |
One year ago | 1,775.04 | -10.6 % |
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 | 92.61% |
Correlation with crude oil prices | 0.90 |
Percent change if oil prices increase 10% | 4.19% |
Correlation with USD exchange rate | -0.34 |
Price flexibility index: 0 (low) - 1 (high) | 0.97 |
Correlation with diesel fuel prices | 0.91 |
Percent of diesel price | 110.57% |
Cost of 40 liter tank, percent of income | 1.77% |
Gasoline consumption, percent of income | 0.96% |
Updated monthly. Methodological notes