Business · Energy & Commodities · 1 hr ago
Indoor kerosene prices in South Korea’s North Chungcheong rise 24%
Indoor kerosene prices in North Chungcheong rose 24.4% from a year earlier, reaching an average of 1,562 won per litre in October.
North Chungcheong is a province in South Korea, where kerosene is used for indoor heating.
Prices began climbing in March after armed conflict between the United States and Iran, and a surge in international oil prices pushed them higher.
The price peaked at 1,633 won per litre in June before falling slightly for four months in a row.
A government cap on petroleum prices also applies to indoor kerosene and helped limit the increase.
Households may face a heavier heating burden this winter despite the recent monthly declines.
The available figures do not say what prices will be in the coming months.
Indoor kerosene in South Korea’s North Chungcheong Province averaged 1,562 won per litre in October.
That was 24.4% higher than in the same month a year earlier, when it averaged 1,259 won.
Prices climbed after a US-Iran armed conflict began in March and international oil prices surged.
The provincial average peaked at 1,633 won per litre in June before falling slightly for four consecutive months.
The article said the government’s oil price cap also applied to indoor kerosene.
- Who
- Gas stations in North Chungcheong Province sold indoor kerosene at the reported average price.
- What
- The average price was 1,562 won per litre, up 24.4% year on year.
- When
- October; the report was published on November 6, 2026.
- Where
- North Chungcheong Province, South Korea.
- Why
- The article links the increase to a US-Iran armed conflict and a surge in international oil prices.
This story does not have two clearly opposing sides.
The provincial average was 1,269 won per litre.
After a US-Iran armed conflict began, the average rose to 1,487 won per litre.
The average rose from 1,601 won in April to a peak of 1,633 won in June.
The average fell slightly each month after the oil price cap was applied.
The average stood at 1,562 won per litre.
- October average
- 1,562 won per litre
- Year-on-year increase
- 24.4%
- October 2025 average
- 1,259 won per litre
- June peak
- 1,633 won per litre
- 2024 October price increase
- 19.8% above October 2024