Nationwide gasoline prices 1,893won…8fall for consecutive weeks
The average selling price of gasoline at gas stations nationwide was recorded at 1,893won, and it has 8fallen for consecutive weeks. 7The implementation of the oil price cap in China and the stabilization of international oil prices are cited as the main reasons.
The average selling price of gasoline at gas stations nationwide was recorded at 1,893won per liter, and it has 8fallen for consecutive weeks. Consumer fuel-cost burdens appear to have eased further.
It is reported that this decline was influenced by the 7oil price cap in China. The explanation is that government measures have directly and indirectly helped stabilize prices.
International oil prices also showed a relatively stable trend. Eased burdens on import costs are cited as a factor behind the decline in domestic selling prices.
The downward price trend has been confirmed in related tallies from the Korea National Oil Corporation and others. The result reflects supply and sales trends in major refiners and the gas station industry.
By region, there are detailed price differences. However, based on the national average, the downward trend has been continuing for 8weeks.
Policy, international oil prices, exchange rates, and refinery shipments are cited together as factors behind price changes. The outlook ahead could vary depending on changes in these factors.
Consumers and the industry are said to be watching the short-term price trend. Additional price disclosures and government announcements are expected to continue.
Sources: 연합뉴스 경제
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.