Tag: gasoline

gasoline

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About 180 cars affected after Busan gas station worker accidentally mixes gasoline with diesel

Depending on the extent of the damage, repair costs for affected vehicles are expected to range from roughly 1 million won ($743) to tens of millions of won.

2026.9.5

Fuel prices fall for 12th week

Gasoline and diesel prices nationwide declined again in early August, though both remain in the 1,800 won-per-liter ($4.84-per-gallon) range.

2026.8.9

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Pain at the pump

2026.6.15

People refuel cars at a Seoul gas station beside digital fuel price signs.

Fuel prices fall for fourth week

Nationwide gasoline and diesel prices edged down again, though Seoul posted the highest average and Daegu the lowest.

2026.6.14

A pedestrian passes by automated teller machines of major banks installed in Seoul on Dec. 21, 2025. [YONHAP]

Inflation projected to hover above 3 percent as Middle East tensions continue: BOK

Inflation is projected to remain above the 3 percent level for the time being as the impact of high oil prices spills over into other sectors of the economy amid prolonged Middle East tensions, the central bank said Tuesday.

2026.6.2

EVs are charging at a station in Seoul on April 21. [YONHAP]

Korea's cumulative EV registrations surpass 1 million

Korea's cumulative EV registrations have surpassed the 1 million mark, with more than 100,000 EVs newly registered in the first four months of this year, government data showed on Tuesday.

2026.4.21

Finance Minister Koo Yun-cheol, center, speaks to reporters at the government complex in central Seoul on March 26. [YONHAP]

Gov't may expand vehicle rationing to private sector if fuel prices rise, finance minister warns

The Korean government may implement a five-day vehicle rationing system for private sector drivers if oil prices rise to $120-$130 per barrel, amid concerns over supply disruptions and rising fuel prices.

2026.3.29

Oil and gas prices are shown at a gas station in Seoul on March 23. [YONHAP]

Gov't to expand fuel tax cuts for gas to 15% and diesel to 25%

Korea will significantly expand its temporary fuel tax cut in a bid to ease the financial burden on consumers amid the prolonged conflict in the Middle East, the Ministry of Finance and Economy said on Thursday.

2026.3.26

A worker at a citrus farm in Andeok-myeon, Seogwipo, Jeju Island, on the morning of March 17 [CHOI CHOONG-IL]

Soaring fuel costs yield bitter harvest as farmers, fishers see diminishing returns

At a greenhouse on Jeju Island, ripe fruits hang heavy on the trees — but soaring fuel costs are casting a shadow over this year’s harvest. As the Iran war continues to push up oil prices, those in agriculture and fisheries are feeling the effects.

2026.3.19

A gas station in Seoul on March 15. [YONHAP]

Fuel prices drop post-price cap, ministry aims to ease supply issues further

Fuel prices at gas stations have dropped significantly since the government introduced a temporary price cap system last week, the industry ministry said Monday, vowing continued efforts to ease energy supply woes due to the Middle East crisis.

2026.3.16