The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Fri, August 12, 2022 | 21:56
Companies
Gasoline Hits 1,800 Won per Liter
Posted : 2010-04-16 19:32
Updated : 2010-04-16 19:32
Print Preview
Font Size Up
Font Size Down

By Kim Hyun-cheol
Staff Reporter

The average at-pump price of gasoline in Seoul hit 1,800 won ($1.6) per liter Thursday for the first time in 19 months. The price was just below 1,800 won Saturday morning.

The average price on Thursday was 1,801.04 won in Seoul, according to Opinet, a real-time petroleum product price information Web site run by the Korea National Oil Corp.

On Jan. 1, per-liter prices were 1,711.84 won, but have been rising since early last month.

This is the first time gasoline prices in Seoul have reached the 1,800-won mark since September 2008.

On Thursday, prices ranged between 1,998 and 1,734.7 won, with Gangnam-gu posting the highest.

Nationwide, prices were the highest in Seoul and lowest in North Gyeongsang Province at an average of 1.713.3 won.

The industry forecasts fuel prices are not likely to go down any time soon, as global prices remain strong amid an economic turnaround across the world.

``Growing demand for petroleum in developing countries is expected to lead the inflation in the global oil market,'' said Lee Kwang-woo, a senior analyst at the LG Economic Research Institute.

Gasoline prices jumped 15.2 percent in the first week of this month, in comparison to the second week of February when they were at their lowest.

Dubai Crude reached a yearly high earlier this month at $83.7 per barrel, up 7 percent from the beginning of the year.

Some experts forecast per-barrel oil prices, which are calculated on the basis of West Texas Intermediate ― set around $86 now ― will exceed $100 for the first time since 2008.

The number of self-service gas stations is sharply increasing. Over the last 12 months, their number nearly doubled to 280 nationwide.

Recent data also show more people are turning to public transportation.



휘발유값 리터당 1,800원 넘어서

목요일 19개월 만에 서울에서 휘발유 가격이 리터 당 1,800원을 넘어섰다. 지난 토요일 휘발유 값은 1,800원 아래였다.

석유공사가 운영하는 실시간 유류가격 정보 웹사이트인 오피넷에따르면 목요일 서울의 평균 휘발유가는 리터 당 1,801.04원으로 나타났다.

이는 서울의 휘발유가격이 1,800원을 넘어선 것은 2008년 9월 이래 처음이다.
목요일 휘발유 가격은 1,998원에서 1,734.7 원으로 강남이 최고치를 기록했다.
전국적으로 가격은 서울이 최고였으며 경북이 최저로 1,713.3원 이었다.
Emailhckim@koreatimes.co.kr Article ListMore articles by this reporter
 
LG
  • Vacationers warned not to buy marijuana cookies in Thailand
  • Seoul City to phase out semi-basements as dwellings
  • Korean firms asked to consult with indigenous peoples prior to searching for renewable energy resources
  • Hydrogen bus trial service begins in Busan, Ulsan, South Gyeongsang Province megacity
  • Defense minister refutes China's claim on THAAD
  • Convenience stores offer unconventional products for Chuseok
  • Solo Leveling artist's death sheds light on webtoon creators' working condition
  • Interpark under fire for 'unreasonable' airline ticket payment policy
  • Korean builders desperate for oil money
  • Yoon holds first meeting with USFK chief since inauguration
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • Death of young webtoon artist sparks controversy over harsh working conditions Death of young webtoon artist sparks controversy over harsh working conditions
    • 'Good Doctor' director to debut Netflix's high-strung suspense series, 'A Model Family' 'Good Doctor' director to debut Netflix's high-strung suspense series, 'A Model Family'
    • Musical 'Kinky Boots' tells people to love themselves as they are Musical 'Kinky Boots' tells people to love themselves as they are
    • Crime thriller 'Limit' is about mother's quest to save abducted son Crime thriller 'Limit' is about mother's quest to save abducted son
    • From P1Harmony to Zico, K-pop hotshots to perform in Abu Dhabi next month From P1Harmony to Zico, K-pop hotshots to perform in Abu Dhabi next month
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group