Longline fishing vessels, used to catch cutlassfish and other species, are docked at Seogwipo Port on Jeju Island on April 13, as the average price of diesel on the island climbed to 2,015 won per liter ($5.14 per gallon).
Korea will significantly expand its temporary fuel tax cut in a bid to ease the financial burden on consumers amid the prolonged conflict in the Middle East, the Ministry of Finance and Economy said on Thursday.
The weekly average price of gasoline and diesel at gas stations rose for the sixth straight week. The average gasoline price in the first week of December rose to 1,746.7 won per liter, up 1.7 won from a week earlier.
A driver fills up on gas at a gas station in Seoul on March 9.
Gas prices are posted at a station in downtown Seoul on Dec. 29.
The number of diesel cars imported to Korea has plunged by more than 60 percent so far this year, with their market share dipping to the lowest in 20 years, data showed Sunday.
Volkswagen introduced the luxury Touareg SUV in Korea, equipped with new tech and offered only in diesel as the company hopes to revive its declining market share.
Average prices for gasoline and diesel at gas stations in Korea moved up for the first time in 17 weeks following the rise of global oil prices.
Grade 5 vehicles, the lowest in Korea’s five-tier emission standards, will be restricted on Seoul's roads for four months as part of a seasonal effort to improve the city’s air quality.
Sales of diesel cars from Korean manufacturers dropped in Q3 as demand for electric vehicles increased. Hyundai and Kia experienced significant declines in diesel car sales.
Korea JoongAng Daily Sitemap
