Gasoline and diesel prices dropped into the mid-1,900 won per liter ($1.24) range nationwide as lower crude costs and government price caps continued to ease pressure at the pump.
·Retail gasoline and diesel prices at gas stations across Korea fell to the mid-1,900 won ($1.24) range this week, extending a seven-week decline as lower global crude oil prices and government price controls continued to weigh on fuel costs.
·The average nationwide price of gasoline fell 55.7 won from the previous week to 1,952.1 won per liter ($4.70 per gallon) during the first week of July, covering Sunday to Thursday, according to the Korea National Oil Corporation's Opinet price information system on Saturday.
·By region, Seoul recorded the highest average gasoline price at 1,976.6 won per liter, down 73 won from a week earlier, while Daejeon had the lowest at 1,916.4 won, down 77.4 won.
·By brand, S-Oil stations posted the highest average gasoline price at 1,954.1 won per liter, while SK Energy stations recorded the lowest at 1,950.5 won.
