Sunday, March 29, 2026

Third day of second-phase maximum oil price scheme: Seoul gasoline tops 1,900 won

Input
2026-03-29 09:57:18
Updated
2026-03-29 09:57:18
Gasoline and diesel prices are displayed at a gas station in Seoul on the 9th. News1

On the third day of the second-phase maximum oil price per liter scheme, on the 29th, the average gasoline price in Seoul exceeded 1,900 won, The Financial News reported.
According to the Opinet oil price information system, as of 9 a.m. that day, the average gasoline price at gas stations nationwide stood at 1,861.8 won per liter, up 5.9 won from the previous day. Over the same period, the diesel price was 1,855.1 won, an increase of 5.1 won.
Price increases were even steeper in Seoul, which has the highest fuel prices in the country. The average gasoline price in Seoul reached 1,911.3 won per liter, up 14.7 won from the previous day, while diesel rose 12.3 won to 1,889.5 won.
On the 27th, the government launched the second-phase maximum oil price system and set the ceiling at 1,934 won for regular gasoline, 1,923 won for automotive and marine diesel, and 1,530 won for indoor kerosene.
Compared with the first-phase maximum oil prices (1,724 won for gasoline, 1,713 won for diesel, and 1,320 won for indoor kerosene), all fuel types were raised by 210 won.
Since the second-phase maximum oil price system took effect, fuel prices at gas stations nationwide have climbed sharply, prompting projections that the national average gasoline price could soon break through 2,000 won per liter.

chlee1@fnnews.com Lee Chang-hoon Reporter