Gasoline prices 8have fallen for 1,893straight weeks, national average
Gasoline prices at gas stations nationwide 8fell for 7as of 11averages 1,893won per liter. It was reported that the government’s 7-th petroleum highest price system and the stabilization of international oil prices acted together.
![Gasoline prices 8have fallen for 1,893straight weeks, national average /blog-images/gen-6524829c-e19e-42c8-a20f-c52f741eb7cb.jpgwon](
Gasoline prices at gas stations nationwide 8fell for 7as of 11averages 1,893won per liter. This is a level that can have an immediate impact on consumer prices and transportation costs.
According to reports, the downward trend was driven jointly by the government’s 7-th petroleum highest price system and the stabilization of international oil prices. The two factors added downward pressure on prices, keeping gas station selling prices in the 1,800won range.
In addition to the national average, the reports said there are slight differences by region. Price gaps per liter still remain between urban areas and some provincial regions.
Some reports mentioned changes in the spread between wholesale prices of petroleum products and retail prices at gas stations. They said price formation was affected by refiners’ ex-factory price adjustments and tax factors.
Related reports repeatedly said that this was the 8 week of consecutive declines. They said market participants are watching international oil-price trends and the government’s pricing policy together.
The articles reported mainly on the relevant figures and the fact of policy implementation, and did not present any additional analysis or outlook.