"Sold out at 1,699 won yesterday, 1,999 won today"...Gas station hikes price by 300 won overnight
- Input
- 2026-03-06 07:59:44
- Updated
- 2026-03-06 07:59:44

[Financial News] As global oil prices remain volatile and fuel costs keep rising, a gas station that halted sales citing a stockout and then resumed sales the next day at a price 300 won higher has sparked public outrage.
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Gas stations raise fuel prices as soon as Middle East crisis erupts
\r\nRecently, a post titled "This gas station has really gone too far" appeared on an online community.
The poster, identified as Mr. A, revealed that around 5 p.m. on the 4th, the gas station stopped selling fuel, saying it was sold out, but resumed sales the next day at a price 300 won higher. He wrote, "They marked it as sold out yesterday evening when it was 1,699 won, and today it's 1,999 won," adding, "If it had really been sold out, there would be nothing to say, but seeing them raise the price by 300 won in just half a day makes it hard to believe they had no stock."
Internet users who saw the story reacted by saying, "We might need a boycott map for gas stations," "Three hundred won in just half a day, that's something," and "The expensive oil hasn't even come out of the ground in the Middle East yet."
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President Lee slams profiteering: "We must crack down firmly and respond decisively"
\r\nAs such cases spread, President Lee Jae-myung also spoke out directly about the surge in fuel prices.
Presiding over an extraordinary session of the State Council of South Korea at Cheong Wa Dae (the Blue House) on the 5th, President Lee said, "We need to strongly crack down on attempts to exploit difficult market conditions through hoarding or unreasonable profiteering, and respond decisively."
He pointed out, "There has not yet been any objectively serious disruption in fuel supply, and yet fuel prices have suddenly skyrocketed," adding, "Some places charge different prices in the morning, at lunchtime, and in the evening, and there are even stations that raise prices by nearly 200 won per liter."
He went on, "I hear that at some gas stations, gasoline prices can rise by more than 200 won in a single day. Money may be the root of all evil, but this seems far too extreme."
Having returned home after airstrikes by the United States and Israel on Iran, President Lee convened the extraordinary State Council meeting on the same day he wrapped up a four-day, three-night tour of Singapore and the Philippines. He requested, "I would like us to discuss in detail what specific sanction measures are available."
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sms@fnnews.com Seong Min-seo Reporter