Gasoline, light oil rising for 18 consecutive weeks … "I will soon turn to weakness"

Domestic prices for gasoline and light fuel oil increased for 18 consecutive weeks, but the upward trend was slow.

In particular, the government has decided to temporarily reduce oil tariffs for a period of six months starting June 6. International oil prices are also expected to fall in recent years. It is very likely that price increases will stop soon.

The average price of gasoline sold at the national gas station the fifth week of last month increased by 0.3 won per liter compared to the previous week to reach 1,690.0 won, according to the service of 39 Oil Information "Opinet" from the Korea National Oil Corporation (KNOC).

Considering that the price has risen by more than 40 won last month, the weekly rate of increase has slowed down considerably, but it has not gone down. Gasoline prices have risen for 18 consecutive weeks since the fourth week of June.

Automotive diesel also increased by 0.7 won to 1,495.3 won in one week.

However, for the first time since January 2015, the price of the room, which had exceeded 1,000 won last month, has increased steadily to reach 1,109 won, up 3.6 won this week.

By brand, the price of gas at a gas station rose by 0.8 won per liter, the lowest at 1,666.1 won and the most expensive energy sold at 1,705.8 won, up 0.7 won. The self-marked petrol station fell from 0.6 won to 1,669.9 won.

By region, Seoul's gasoline prices rose 0.5% to 1,773.7 won, the highest in the country. Daegu, which is the region with the lowest prices, recorded KRW 1,661.8, up 0.8 wons and 111.9 won down on Seoul.

"Oil prices have fallen because of the increase in production of major oil-producing countries and the revision of authorizations to import Iranian oil in some countries of the United States," he said. -he declares. "He said.

Dubai's oil, mainly imported by Korea, posted a profit of $ 75.3 per barrel, down $ 1.0 from the previous week.

(Yonhap News)