South Korea fuel prices surge for third consecutive week. Gasoline averaged 1,996.3 won per liter, up 28.7 won weekly, while diesel reached 1,990.2 won per liter, climbing 31.1 won. Both fuels approach the critical 2,000 won threshold, prompting the government to announce its fourth maximum-price notice. Regional variations show Jeju with the highest gasoline prices at 2,029 won per liter, followed by Seoul at 2,026.7 won. SK Energy leads pricing across both fuel types at premium levels, while budget self-service stations offer cheaper alternatives. International factors play a significant role as Dubai crude declined to $101.8 per barrel from $106.5, easing some price pressure. However, global oil price changes typically reach domestic markets with a two to three week delay, suggesting continued upward pressure ahead.
