Gasoline price rises for 8 weeks in international and 5 weeks in domestic demand, further rising

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Oil

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Oil · 03 April, 2022

Gasoline price rises for 8 weeks in international and 5 weeks in domestic demand, further rising

Gasoline consumer prices have risen for the fifth week in a row, but there is still room for further upside.

Commodity

Oil

Writer

Administrator

The increase in the past two weeks is also 5$/B, and there is room for a rise.

Gasoline consumer prices have risen for the fifth week in a row, but there is still room for further upside.
According to the Korea National Oil Corporation, the selling price of gasoline at gas stations in the third week of February recorded 1,718.4 won per liter, up 26.6 won from the previous week, rising for the fifth week in a row.

The sale price of diesel also rose for the fifth week in a row to record 1,540.2 won, up 29.0 won from the previous week.
However, there is ample room for further raises.
In the second week of February, the price of gasoline supplied by refiners to gas stations was 1,636.1 won, up 68.6 won per liter from the previous week, and diesel at 1,497.5 won, up 70.8 won.

International prices are on the rise.
In the third week of February, the price of Dubai crude traded at $92.11 per barrel, up 1.8 dollars from the previous week.
It has risen for eight consecutive weeks since the fourth week of December last year.
International gasoline prices have also risen continuously during the same period, and the price in the third week of February traded at $108.45 per barrel, up $2.3 from the previous week.
In particular, the increase in the past two weeks has been recording $4.91, and there is ample room for domestic price hikes, so gasoline consumer prices are expected to rise significantly