The oil price portal “OpenNet”, operated by the National Petroleum Company of Korea, reported that average gas prices, sold at pumps across the country, fell by 10.1 won, to 588.9 won per litre, in the first week of June, marking a decline for the sixth consecutive week.
KI said. B. S. On Saturday, South Korean radio said the price of diesel fell by 15.2 won last week, reaching 1406.1 won per litre, marking the seventh consecutive week of decline.
On the other hand, global oil prices rose slightly, following an announcement of production cuts by OPEC + and Saudi Arabia, and the Organization for Economic Cooperation and Development (OECD) raised its global economic growth forecast for 2023.
The price of South Korea’s standard Dubai crude rose by $1.8 a barrel this week, to $75.5.
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