South Korea Gasoline Prices Drop Again
The average price of gasoline in South Korea has fallen below $1.30 per liter, registering at 1,991.1 won (approximately $1.43) per liter. This is the second consecutive day that the price has remained below this threshold. This decrease comes as a result of the government's decision to lower the maximum fuel prices, in line with the global decline in oil prices, as Dubai crude prices dropped by 34.3% over the past month. It is expected that fuel prices will gradually decrease in the coming weeks, despite the difficulty of returning to previous levels due to the weak won and rising global petroleum product prices.
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