Business · Energy & Commodities · 6 hrs ago
South Korean Petrol Prices Fall for 22nd Straight Week
Petrol prices in South Korea fell for a 22nd week in the second week of October, according to national data.
The average price was 1,856.6 won per litre, down 0.9 won from the previous week.
Diesel also became slightly cheaper, averaging 1,842.8 won per litre.
Prices varied by location: Seoul had the highest average petrol price, while Daegu had the lowest.
The government kept its fuel price caps unchanged, setting maximum prices of 1,784 won per litre for petrol and 1,773 won for diesel.
International oil prices rose during the week, and changes usually reach local pump prices after two to three weeks.
South Korea’s average gasoline price fell for a 22nd consecutive week in the second week of October.
The nationwide average was 1,856.6 won per liter, down 0.9 won from the previous week.
Seoul had the highest average price at 1,902.5 won per liter, while Daegu had the lowest at 1,829.9 won.
The average diesel price fell 0.5 won to 1,842.8 won per liter.
The government kept its 11th oil price cap at the same level as the 10th cap.
- Who
- South Korean motorists and fuel retailers.
- What
- The nationwide average gasoline price fell by 0.9 won to 1,856.6 won per liter, marking its 22nd straight weekly decline.
- When
- The second week of October 2026.
- Where
- South Korea.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The nationwide average gasoline price was 1,856.6 won per liter, down 0.9 won from the previous week.
The government set its 11th oil price cap at the same levels as the 10th cap.
Yonhap reported the weekly price figures and the 22-week streak.
- Gasoline average
- 1,856.6 won per liter
- Weekly change
- Down 0.9 won
- Length of decline
- 22 consecutive weeks
- Highest regional price
- Seoul, 1,902.5 won per liter
- Lowest regional price
- Daegu, 1,829.9 won per liter
- Diesel average
- 1,842.8 won per liter