US EditionRetail Fuel Prices Drop After Implementation of Price Cap System: Ministry
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4 Articles
Retail fuel prices drop after implementation of price cap system: ministry
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. The average gasoline price at gas stations nationwide came to 1,840.1 won ($1.23) per liter as of Sunday, down 58.7 won from Thursday, a day before the price ceiling system took effect, according to data …
Gasoline prices drop 3.2 won on the first weekend of the oil price cap system. On the 15th, marking the first weekend of the implementation of the oil price cap system, citizens are refueling at a gas station in Manam-ui Gwangjang, Seocho-gu, Seoul. According to the Oil Price Information System Opinet, as of 10:25 AM on this day, the average gasoline price at gas stations nationwide was 1 per liter.
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.
[Digital Daily Reporter Kang Ki-hoon] It is the fourth day of implementation for the price ceiling system for petroleum products. On the 16th, as the nationwide average gas station fuel price continued its downward trend, it was found that the phenomenon of diesel prices surpassing gasoline prices ended after 10 days. According to the Oil Price Information System Opinet, as of 9 a.m. on this day, the average gasoline price at gas stations natio…
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