Domestic fuel prices, which had spiked on instability in the Middle East including the war between the United States and Iran, fell slightly for a fourth consecutive week.
The average retail price of gasoline at filling stations nationwide was 2,009.9 won during the second week of June (June 7-11), according to Opinet, the oil price information system run by the Korea National Oil Corporation, on Friday. The figure represents a decline of 0.5 won per liter from the previous week.
Seoul, which had the highest prices nationwide, recorded 2,051.5 won, up 0.7 won from the previous week. By contrast, Daegu, which had the lowest prices, was tallied at 1,990.6 won, down 1.4 won. By brand, SK Energy stations were the highest at an average of 2,013.8 won. Alddeul stations were the lowest at 1,995.9 won.
Until early this week, fuel prices had been on an upward trend as the United States and Iran continued their fighting, but prices fell after U.S. President Donald Trump announced that the two countries had reached an agreement to end the war.
Dubai crude recorded $89.7, down $4.5 from the previous week. International gasoline prices were tallied at $117.5, up $1.3, while automotive diesel was $140.1, down $7.9.
