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ID| Fuel Type | USD / Liter | KRW / Liter | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $1.420 | ₩1,964 | -7.3% |
| 🚛 Diesel | $1.400 | ₩1,936 | -8.6% |
| 🔵 LPG / Autogas | $0.840 | ₩1,162 | -8.6% |
| ⚡ Electric (kWh) | $0.130 | ₩180 | |
| ⚡ Electric Business (kWh) | $0.118 | ₩163 | |
| 🔥 Natural Gas (m³) | $0.073 | ₩101 | |
| 🔥 Natural Gas Business (m³) | $0.056 | ₩77.45 | |
| 💧 Kerosene | $1.200 | ₩1,660 | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in South Korea Today
Filling a 40-litre tank in South Korea costs about ₩78,561 at today's pump price. Priced in hours rather than money, an average earner spends 5.5 minutes per litre and 3.6 hours per tank. Drivers on LPG pay ₩1,162/L, 40.8% below the petrol rate.
Diesel Price in South Korea
In South Korea diesel costs ₩1,936/L, putting it 1.4% below petrol. Set beside 22 other Asia markets, where diesel averages 1.1% above petrol, the local gap is wider.
How South Korea Compares Globally
Drivers in South Korea pay ₩1,964/L per litre ($1.420), 7.3% below the global figure of $1.532. On the global table of 133 countries South Korea sits 53rd cheapest; inside Asia it is 15th of 22. The next market down is Cambodia at 0.7% below, the next up Thailand at 2.1% above.
Historical Price Trend
Over the last 3 months petrol in South Korea eased 7.2%, moving $1.530 to $1.420 a litre. In 34 weeks of data the price has travelled between $1.420 and $1.530, topping out 9 May 2026. Diesel tracked alongside, fell 8.5%. That is a 7.7% gap between the 3 August trough and the 9 May peak. Compared with the opening week of 2026, gasoline is 6.8% lower. Household electricity has rose 5.7% over the same window, to ₩180 per kWh. Natural gas barely moved.
As of 2026-08-27, the retail price of gasoline in South Korea is $1.420 per liter, and diesel costs $1.400 per liter. South Korea’s gasoline price is 7.3% below the global average of $1.532 per liter. LPG/autogas is available at $0.840 per liter. Electricity for EV charging costs $0.130 per kWh.
South Korea applies relatively high fuel taxes reflecting energy and environmental policy. These taxes add a substantial premium on top of crude oil and refinery costs, pushing prices above the regional average.
Based on an average monthly wage of $2,750 USD, a worker in South Korea needs approximately 5.5 minutes to afford one liter of gasoline — equivalent to 45.4% of a day's pay for a standard 40-liter fill-up.
Of the 22 Asia markets DailyFuels tracks, gasoline is cheapest in Kazakhstan at $0.704 and dearest in Hong Kong at $4.170 — a spread of 492.3%.
The numbers come from government energy agencies and verified international providers, and are revised weekly. Local currency amounts (KRW / ₩) update automatically with live exchange rates.
| Commodity | Market Price | Raw Cost | Retail Here | Gov't Factor |
|---|---|---|---|---|
| 🛢 Brent Crude | $86.21 /bbl | $0.662 /L | $1.420 | +114.5% |
| 🛢 WTI Crude | $81.52 /bbl | $0.633 /L | $1.420 | +124.3% |
| 🔥 Natural Gas | $2.92 /MMBtu | $0.129 /m³ | $0.073 | -43.3% |
| ⚡ Lithium ETF | $75.92 /share | indirect | $0.130 | — |
| ☢ Uranium ETF | $48.05 /share | indirect | $0.130 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +8.6% | +0% |
0%
|
| 🛢 WTI Crude | +7.6% | +0% |
0%
|
| 🔥 Natural Gas | +8.9% | +0% |
0%
|