Gas station gas prices have fallen for 10 weeks, and oil refinery supply prices have rebounded.

2023-12-16 13:20:44

Gasoline – 20.0 won, diesel – 29.2 won, indoor kerosene – 9.8 won.
Oil refinery supply prices are high for S-OIL and low for HD Hyundai Oilbank.

▲ Status of changes in petroleum product supply prices for the first week of December by oil refinery

[에너지신문] While prices of petroleum products such as gasoline and diesel sold at gas stations showed a downward trend for 10 consecutive weeks, prices supplied by oil refineries appeared to have rebounded.

Korea National Oil Corporation (CEO Kim Dong-seop) reported that the price of gasoline sold at gas stations in the second week of December was 1,606.6 won per liter, down 20.0 won from the previous week, and diesel price was 1,534.6 won, down 29.2 won per liter, according to the weekly price trends of domestic petroleum products on Offinet, an oil price information system. It was revealed that indoor kerosene recorded 1396.2 won, down 9.8 won.

By brand, thrifty gas stations had a low score, while GS Caltex brand gas stations had a high score.

The average selling price of gasoline at thrifty gas stations was the lowest at 1,581.7 won per liter, but GS Caltex brand gas stations sold it at 1,614.4 won, showing a price difference of 32.7 won.

In addition, the average selling price of diesel at thrifty gas stations was low at 1,510.0 won, but at GS Caltex brand gas stations, it was 1,543.4 won, a price difference of 33.4 won.

At SK Energy brand gas stations, gasoline prices dropped by 19.5 won to 1,614.2 won, diesel prices decreased by 28.1 won to 1,543.0 won, and HD Hyundai Oil Bank brand gas stations showed gasoline prices down by 20.6 won to 1,606.2 won and diesel prices down by 30.2 won to 1,534.9 won.

At S-OIL brand gas stations, gasoline prices fell by 19.9 won to 1604.8 won, and diesel prices fell by 30.2 won to 1529.4 won. At private label gas stations, which have the lowest selling prices following thrift gas stations, gasoline prices fell by 15.8 won to 1598.1 won and diesel prices fell by 24.4 won to 1528 won. .5 won.

As for gasoline sales prices by region, the sales price in Seoul, the highest price region, was 1,684.0 won per liter, down 26.3 won compared to the previous week, and was 77.4 won higher than the national average price.

Jeju Island was listed as the region with the second highest sales price in the country following Seoul at 1,637 won per liter, while Gangwon-do was 1,630 won, North Chungcheong Province was 1,623 won, South Chungcheong Province was 1,620 won, Gyeonggi-do was 1,606 won, Jeonbuk was 1,600 won, Sejong was 1,598 won, and Gyeongnam was 1,597 won. The prices were 1,589 won in Gyeongbuk, 1,584 won in Gwangju and Busan, 1,578 won in Daejeon, 1,577 won in Incheon, and 1,572 won in Ulsan.

The selling price of gasoline in Daegu, the lowest price region, was 1,555.3 won per liter, down 18.3 won from the previous week, which was 51.3 won lower than the national average price.

In the first week of October, which is one week later than the gas station sales price, the price of oil products supplied by oil refineries was 1,512.8 won for gasoline, an increase of 0.9 won compared to the previous week, 1,416.0 won for diesel, an increase of 0.8 won compared to the previous week, and 1,125.2 won for indoor kerosene, an increase of 4.9 won.

The supply price by oil refinery was KRW 1,522.4 for S-OIL (CEO Anwar Al Hizazi), recorded as the highest-priced oil refinery, up 15.4 won from the previous week, and KRW 1,426.2 for diesel, up 20.6 won per liter.

GS Caltex (CEO Heo Se-hong) lowered its gasoline price by 4.8 won to 1,517.7 won, diesel down by 9.3 won to 1,407.2 won, and SK Energy (CEO Cho Kyeong-mok) lowered its gasoline price by 3.1 won to 1,505.8 won and diesel by 4.5 won to 1,412.1 won.

HD Hyundai Oilbank (CEO Joo Young-min), the lowest price oil refining company, was the lowest at 1,501.1 won per liter, down 30.2 won compared to the previous week, and diesel was the lowest at 1,404.2 won, down 31.5 won.

Meanwhile, international oil prices fell in the second week of December due to continued skepticism regarding OPEC+’s compliance with additional production cuts and weak economic indicators in China.

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