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ID| Fuel Type | USD / Liter | KRW / Liter | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $1.420 | ₩ 1.420 | -5% |
| 🚛 Diesel | $1.410 | ₩ 1.410 | -5.6% |
| 🔵 LPG / Autogas | $0.860 | ₩ 0.860 | -4.1% |
| ⚡ Electric (kWh) | $0.130 | ₩ 0.130 | |
| ⚡ Electric Business (kWh) | $0.118 | ₩ 0.118 | |
| 🔥 Natural Gas (m³) | $0.073 | ₩ 0.073 | |
| 🔥 Natural Gas Business (m³) | $0.056 | ₩ 0.056 | |
| 💧 Kerosene | $1.210 | ₩ 1.210 | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in South Korea Today
The current retail gasoline price in South Korea is $1.420 per liter, updated weekly from official energy agencies. This figure includes all applicable taxes and any active government subsidies. Use the comparison table above to benchmark gasoline against diesel, LPG, and electricity costs in this market.
Diesel Price in South Korea
Diesel in South Korea costs $1.410 per liter at retail. Diesel prices generally track global crude oil benchmarks but can deviate based on local refinery capacity, road logistics costs, and differential tax treatment versus gasoline. Commercial and agricultural fleet rates may not reflect consumer pump prices.
How South Korea Compares Globally
South Korea gasoline ($1.420/L) is 5.0% below the global average of $1.494/L. DailyFuels tracks 133+ countries — crude oil benchmarks, domestic taxation, and subsidy programs all explain the large price differences between nations worldwide.
Historical Price Trend
Fuel prices in South Korea respond to global crude oil market shifts, exchange rate movements, seasonal demand cycles, and government decisions on taxes or subsidies. All prices are reviewed and updated weekly, ensuring you always see the most current data available for this market.
As of 2026-08-01, the retail price of gasoline in South Korea is $1.420 per liter, and diesel costs $1.410 per liter. South Korea’s gasoline price is 5% below the global average of $1.494 per liter. LPG/autogas is available at $0.860 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.
South Korea is one of 133 countries tracked by DailyFuels across Asia and worldwide. All fuel prices are sourced from official government energy agencies and updated weekly, standardized to USD per liter for global comparison.
All prices reflect the latest weekly pump price surveys from verified market data sources. Local currency amounts (KRW / ₩) update automatically with live exchange rates.
| Commodity | Market Price | Raw Cost | Retail Here | Gov't Factor |
|---|---|---|---|---|
| 🛢 Brent Crude | $90.12 /bbl | $0.687 /L | $1.420 | +106.7% |
| 🛢 WTI Crude | $84.67 /bbl | $0.653 /L | $1.420 | +117.5% |
| 🔥 Natural Gas | $2.75 /MMBtu | $0.122 /m³ | $0.073 | -40.3% |
| ⚡ Lithium ETF | $69.22 /share | indirect | $0.130 | — |
| ☢ Uranium ETF | $39.07 /share | indirect | $0.130 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +18.6% | -7.2% |
-39%
|
| 🛢 WTI Crude | +18.6% | -7.2% |
-39%
|
| 🔥 Natural Gas | -6.6% | +0% |
-0%
|