South Korea Gasoline prices, 09-Sep-2024
The current gasoline price in South Korea is KRW 1,658.47 per liter or USD 1.26 per liter and was updated on 09-Sep-2024.
For comparison, the average price of gasoline in the world is USD 1.21 per liter.
South Korea |
Gasoline prices |
|---|---|
| Current price | 1.26 |
| Measure | USD/Liter |
| Last update | 2024-09-09 |
| Data availability from | 2014-09-29 |
| Data frequency | Weekly |
Source: Korea National Oil Corporation
We show Octane-95 gasoline price data for South Korea
from 2014-09-29 to 2024-09-09.
The average gasoline price during that period is KRW 1,555.71
per liter with a minimum of
KRW 1,248.85 on 2020-05-25 and a maximum of
KRW 2,137.65 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.
Gasoline prices |
Price (KRW/Liter) | Percent change |
|---|---|---|
| Current price | 1,658.47 | - |
| One month ago | 1,706.55 | -2.8 % |
| Three months ago | 1,654.76 | 0.2 % |
| One year ago | 1,749.98 | -5.2 % |
South Korea Gasoline prices: The last eight weeks
South Korea Gasoline prices, liter, South Korean Won
* A long flat line means that the government fixes the prices.
South Korea: Gasoline price analytics |
Value |
|---|---|
| Percent of world average gasoline price | 92.42% |
| Correlation with crude oil prices | 0.90 |
| Percent change if oil prices increase 10% | 4.25% |
| Correlation with USD exchange rate | -0.33 |
| Price flexibility index: 0 (low) - 1 (high) | 0.97 |
| Correlation with diesel fuel prices | 0.91 |
| Percent of diesel price | 110.86% |
| Cost of 40 liter tank, percent of income | 1.77% |
| Gasoline consumption, percent of income | 0.96% |
Updated monthly. Methodological notes
