Gwangju area average price 1666 won per liter
The rise in international oil prices causes the exchange rate to rise.
The average selling price of gasoline sold at gas stations in the Gwangju area rose by 37 won per liter in one month.
According to the Korea National Oil Corporation oil price information system Offinet on the 7th, the average price per liter of gasoline in Gwangju as of this day is 1,666 won. The lowest price at a gas station is 1,613 won and the highest price is 1,789 won.
Compared to a month ago, it increased by 37 won per liter. As of the 9th of last month, the average price of gasoline in Gwangju was 1,629 won.
During the same period, the national average price of gasoline was 1,645 won on December 9 last year and 1,686 won on January 7.
Compared to the national average price, Gwangju’s price was about 20 won per liter lower.
However, the average price in the Jeonnam region is showing the same trend as the national average.
As of the 7th, the average selling price of gasoline at gas stations in the Jeonnam region was 1,683 won, which is about 3 won per liter lower than the national average price (1,686 won).
The reason why gasoline prices at gas stations are rising so sharply is because the rise in international oil prices has coincided with a sharp rise in exchange rates.
Last week’s import price of Dubai oil, which accounts for 80% of Korea’s crude oil imports, was $75.5 per barrel, up $1.5 from a week ago.
In addition, the won-dollar exchange rate is also driving the rise in oil prices.
As of 11 a.m. on this day, the won-dollar exchange rate in the Seoul foreign exchange market was recording 1,454 won and 60 won.
The exchange rate, which remained in the 1,300 won range in October of last year, has been steadily rising thanks to the strength of the dollar since November of last year, when U.S. President Trump’s election was confirmed.
A rise in exchange rates leads to an increase in the price of consumer goods imported from overseas, raising the consumer price index.
An oil industry official said, “International oil prices are rising, and with the rise in exchange rates, oil prices are rising,” adding, “It is expected that they will rise further in the future.”
(Gwangju = News 1)
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