South Korea Diesel prices, 08-Jul-2024

The current price of diesel fuel in South Korea is KRW 1,515.00 per liter or USD 1.15 per liter based on the latest update from 08-Jul-2024. For comparison, the world average diesel price is USD 1.18 per liter.
South Korea
Diesel prices
 Current price 1.15
 Measure USD/Liter
 Last update 2024-07-08
 Data availability from 2014-07-28
 Data frequency Weekly
Source: Korea National Oil Corporation

We show diesel price data for South Korea from 2014-07-28 to 2024-07-08. The average diesel price during that period is KRW 1,401.63 per liter with a minimum of KRW 1,059.98 on 2020-05-25 and a maximum of KRW 2,158.24 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.

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Diesel prices
Price (KRW/Liter) Percent change
 Current price 1,515.00 -
 One month ago 1,497.51 1.2 %
 Three months ago 1,551.30 -2.3 %
 One year ago 1,382.03 9.6 %

Our data on: CNN Bloomberg Reuters

South Korea Diesel prices: The last eight weeks

South Korea Diesel prices: The last eight weeks

South Korea Diesel prices, liter, South Korean Won

South Korea Diesel prices: Historical graph; 2014-07-28-2024-07-08
* A long flat line means that the government fixes the prices.
South Korea: Diesel price analytics
Percent of world average diesel price     88.86%
Correlation with crude oil prices     0.89
Percent change if oil prices increase 10%     5.44%
Correlation with USD exchange rate     -0.55
Price flexibility index: 0 (low) - 1 (high)     0.97
Correlation with gasoline prices     0.91
Percent of gasoline price     89.80%
Cost of 40 liter tank, percent of income     1.56%
Diesel consumption, percent of income     0.85%
Updated monthly. Methodological notes
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