Gasoline prices fell for 6 consecutive weeks… Global oil prices rise |

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An outdoor price sign at a gas station in downtown Seoul. [사진출처=뉴시스]

[Heddiw Parc Gohebydd Papur Newydd Joo-hwan]Gasoline and diesel prices at domestic gas stations have fallen for several weeks.

According to Opinet, the Korea National Oil Corporation’s oil price information system on the 10th, the average selling price of gasoline at gas stations nationwide in the first week of June as the previous day was 1,588.9 won per 1L, down 10.1 won from the previous week.

As a result, domestic gasoline prices have continued to fall for six consecutive weeks.

In Seoul, where the price of gasoline is the highest in Korea, the average price was 1662.4 won, down 10.9 won from the previous week. Daegu, the lowest price region, fell 9 won to 1548.3 won.

According to company, GS Caltex gas station was the most expensive at 1597.5 won, and economy gas station had the lowest price at 1560.8 won.

The selling price of diesel also fell 15.2 won to 1406.1 won, showing a downward trend for 7 consecutive weeks.

However, as the global trend of production cuts continues, such as the extension of OPEC+ (Organization of the Petroleum Exporting Countries) production cuts and Saudi Arabia’s announcement of additional production cuts, there is a possibility that prices will rebound within weeks.

The Dubai oil price, the benchmark for the actual price of imported crude oil, rose $1.8 from the previous week to $75.5 a barrel.