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ID| Fuel Type | USD / Liter | KRW / Liter | vs World Avg |
|---|---|---|---|
| ⛽ Gasoline (Petrol) | $1.410 | ₩1,882 | -10.5% |
| 🚛 Diesel | $1.400 | ₩1,869 | -11.1% |
| 🔵 LPG / Autogas | $0.870 | ₩1,161 | -7.9% |
| ⚡ Electric (kWh) | $0.130 | ₩174 | |
| ⚡ Electric Business (kWh) | $0.132 | ₩176 | |
| 🔥 Natural Gas (m³) | $0.073 | ₩97.44 | |
| 🔥 Natural Gas Business (m³) | $0.056 | ₩74.75 | |
| 💧 Kerosene | $1.200 | ₩1,602 | |
| 🌡 Heating Oil | N/A | — |
Gasoline Price in South Korea Today
Filling a 40-litre tank in South Korea costs about ₩75,282 at today's pump price. Priced in hours rather than money, an average earner spends 5.4 minutes per litre and 3.6 hours per tank. Drivers on LPG pay ₩1,161/L, 38.3% below the petrol rate.
Diesel Price in South Korea
In South Korea diesel costs ₩1,869/L, putting it 0.7% below petrol. Set beside 22 other Asia markets, where diesel averages 1.3% above petrol, the local gap is narrower.
How South Korea Compares Globally
Drivers in South Korea pay ₩1,882/L per litre ($1.410), 10.5% below the global figure of $1.575. On the global table of 133 countries South Korea sits 49th cheapest; inside Asia it is 13th of 22. The gap to the Asia mean is 7.5%, below it. The next market down is China at 1.4% below, the next up Sri Lanka at 1.4% above.
Historical Price Trend
Over the last 3 months petrol in South Korea eased 0.7%, moving $1.420 to $1.410 a litre. In 44 weeks of data the price has travelled between $1.410 and $1.530, topping out 9 May 2026. Diesel tracked alongside, fell 0.7%. That is a 8.5% gap between the 14 September trough and the 9 May peak. Compared with the opening week of 2026, gasoline is 7.4% lower. Domestic power stayed put at roughly ₩174 per kWh across the same months. Natural gas barely moved.
As of 2026-11-02, the retail price of gasoline in South Korea is $1.410 per liter, and diesel costs $1.400 per liter. South Korea’s gasoline price is 10.5% below the global average of $1.575 per liter. LPG/autogas is available at $0.870 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 5.4 minutes to afford one liter of gasoline — equivalent to 45.1% of a day's pay for a standard 40-liter fill-up.
Of the 22 Asia markets DailyFuels tracks, gasoline is cheapest in Kazakhstan at $0.706 and dearest in Hong Kong at $4.430 — a spread of 527.5%.
The numbers come from government energy agencies and verified international providers, and are revised weekly. Local currency amounts (KRW / ₩) update automatically with live exchange rates.
| Commodity | Market Price | Raw Cost | Retail Here | Gov't Factor |
|---|---|---|---|---|
| 🛢 Brent Crude | $110.36 /bbl | $0.814 /L | $1.410 | +73.2% |
| 🛢 WTI Crude | $101.09 /bbl | $0.756 /L | $1.410 | +86.5% |
| 🔥 Natural Gas | $2.90 /MMBtu | $0.128 /m³ | $0.073 | -43% |
| ⚡ Lithium ETF | $59.81 /share | indirect | $0.130 | — |
| ☢ Uranium ETF | $33.73 /share | indirect | $0.130 | — |
How global commodity swings translated to pump prices here
| Commodity | Commodity Δ30D | Retail Δ30D | Pass-Through |
|---|---|---|---|
| 🛢 Brent Crude | +5.4% | +0% |
0%
|
| 🛢 WTI Crude | +10.1% | +0% |
0%
|
| 🔥 Natural Gas | -9.8% | +0% |
-0%
|