Tag: gas price

gas price

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GS Holdings reports nearly 57% profit increase in Q1, driven by inventory gains amid Iran war

GS Holdings reported a 56.68 percent on-year increase in first-quarter operating profit, largely due to temporary inventory gains from the Iran war.

2026.5.14

Cars fill a gas station in Yongsan District, central Seoul, on March 9. [KIM YE-JUNG]

Iran conflict fuels gas price hike, drivers seek cheapest pumps

Cars lined up outside a gas station in Seongbuk District, central Seoul, at 11 a.m. Monday as drivers rushed to fill up after fuel prices surged following U.S. and Israeli strikes on Iran.

2026.3.9

Most popular

Fuel price information is displayed at a gas station in Seoul on Nov. 2. [NEWS1]

Fuel prices up

Fuel price information is displayed at a gas station in Seoul on Nov. 2. According to Korea National Oil Corporation's Opinet system, the average weekly gasoline price nationwide rose for the first time in three weeks to 1,666.5 won per liter.

2025.11.2

Full tank, empty wallet

A sign displays gasoline prices at a gas station in the Seoul Rendezvous Rest Area in Seocho District, southern Seoul, on Aug. 10.

2025.8.10

Continuing decline

The price of gasoline and diesel are displayed at a gas station in downtown Seoul on Sunday. The average gas price at stations nationwide was 1,745.8 won ($1.33) per liter for the first week of November, a decline for four consecutive weeks.

2023.11.5

Biting the bullet

Gas prices are displayed at a gas station in downtown Seoul on Wednesday. Brent crude oil prices traded at $94.34 per barrel Tuesday to hit a 10-month high, according to the Korea National Oil Corporation's price tracking system Opinet.

2023.9.20

Gas prices down

A gas station in Daejeon displays the price of gasoline at 1,395 won ($1.10) on Tuesday. The price was at the daily low as of 11 a.m., according to Opinet, the Korea National Oil Corporation’s oil price management system.

2022.12.13

Persistent inflation

Korea's producer price index rose 0.5 percent on month in October to 120.61 due to high energy and gas prices, according to the Bank of Korea Thursday. The figure is up 7.3 percent on year.

2022.11.24

Pump prices

The average gasoline price nationwide reached 2,119.53 won per liter ($6.2 per gallon) on Wednesday, up 3.18 won from the previous day, according to Opinet, the Korea National Oil Corporation's official oil price management system website.

2022.6.22

A driver fills up his car at a gas station in Seoul on Sunday. According to Korea National Oil Corp., the average price of a liter of gasoline is down 0.57 won compared to the last week of March to 1,993.97 won. The average price in Seoul dropped 2.25 won to 2,052.74 during the same period. As gasoline prices continue to remain high due to the war between Russia and Ukraine, the Korean government is currently looking into increasing the fuel tax cut from the current 20 percent to 30 percent. The temporary cut is set to expire at the end of July. [YONHAP]

Gas tax talk

According to Korea National Oil Corp., the average price of a liter of gasoline is down 0.57 won compared to the last week of March to 1,993.97 won. The average price in Seoul dropped 2.25 won to 2,052.74 during the same period

2022.4.3