South Korea gas prices hit two-month low

Gasoline prices in South Korea have fallen to their lowest level in two months, with the average price reaching 1,991.1 won per liter, a decrease of 5 won from the previous day, after dropping below 2,000 won for the first time in two months. This comes amid the government’s decision to cut the fuel price cap by 150 won, with expectations that it will take weeks for consumers to feel the full impact. Meanwhile, prices are struggling to return to pre-war levels due to a weak currency and rising global oil prices.

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