Gas station gas prices rise for two weeks in a row… Gasoline national average 1593.1 won

fuel tax cut, which expires at the end of this month, until the end of December. However, the plan is to reduce the reduction rate and restore it gradually. According to the Ministry of Strategy and Finance, the government will extend the fuel tax cut, which was scheduled to end on October 31, by two months until December 31 of this year, but the reduction rate for gasoline will be 15% from the existing 20% ​​and for diesel and liquefied petroleum gas (LPG) butane. The reduction rate was adjusted from 30% to 23%. Gas price information is displayed at a gas station in Seoul on the morning of the 23rd. 2024.10.23. [서울=뉴시스]”/>

The government is extending the fuel tax cut, which expires at the end of this month, until the end of December. However, the plan is to reduce the reduction rate and restore it gradually. According to the Ministry of Strategy and Finance, the government will extend the fuel tax cut, which was scheduled to end on October 31, by two months until December 31 of this year, but the reduction rate for gasoline will be 15% from the existing 20% ​​and for diesel and liquefied petroleum gas (LPG) butane. The reduction rate was adjusted from 30% to 23%. Gas price information is displayed at a gas station in Seoul on the morning of the 23rd. 2024.10.23. [서울=뉴시스]

Gas station gas prices rose for two weeks in a row.

According to Korea National Oil Corporation’s oil price information system Offinet on the 26th, the selling price of gasoline at gas stations nationwide in the fourth week of October (October 20-24) was 1,593.1 won per liter (L), up 1.5 won compared to the previous week.

The sales price in Seoul, the highest price in the country, was recorded at 1,660.8 won, down 0.9 won from the previous week, and in Daegu, the lowest price in the country, it was recorded at 1,555.9 won, up 2.1 won from the previous week.

By brand, thrifty gas stations had the lowest price with an average of 1,563.4 won per liter, while SK Energy gas stations had the highest price with 1,602.3 won per liter.

During the same period, the selling price of diesel at gas stations nationwide was 1,422.3 won per liter, up 0.8 won from the previous week.

International oil prices fell this week due to poor economic indicators in major countries and the reemergence of the possibility of a ceasefire between Israel and Hamas.

Dubai oil, the standard for imported crude oil prices, was $74.4 per barrel, down $0.4 from the previous week.

During the same period, the international gasoline price fell by $0.5 to $79.5, and automobile diesel prices decreased by $0.2 to $87.1.

Changes in international oil prices are usually reflected in domestic gas station prices with a lag of 2 to 3 weeks.

[서울=뉴시스]

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