Fuel prices in Seoul fell into the 1,900-won range on June 13, 2026, as gasoline and diesel costs declined [1].
This price drop provides immediate relief to commuters and transport operators in the capital, reflecting a broader trend of stabilizing energy costs across South Korea.
According to data reported by YTN, the price of gasoline in the Seoul region dropped to 1,995 won per litre [1]. Diesel prices in the city followed a similar trajectory, falling to 1,981 won per litre [1].
These local figures align with a nationwide decrease in fuel costs. The national average price for gasoline was 1,975.7 won per litre, which was a decrease of 11.87 won from the previous day [1]. Similarly, the national average for diesel fell by 11.79 won to reach 1,966.5 won per litre [1].
There is a discrepancy in reporting regarding the broader national average. While one YTN report cited the figures above, another report noted a weekly national average gasoline price of 2,929 won per litre [2].
Analysts attribute the decline to two primary factors. First, there has been a stabilization trend in global oil prices [1]. Second, the South Korean government recently reduced the maximum oil price, which helped push retail costs lower [1].
"Seoul region gasoline and diesel prices have both entered the 1,900-won range at 1,995 won and 1,981 won respectively," Jung Hyun-woo said [1].
“Seoul region gasoline and diesel prices have both entered the 1,900-won range”
The shift into the 1,900-won bracket indicates that South Korean retail fuel markets are reacting quickly to both international commodity trends and domestic regulatory interventions. By lowering the maximum oil price, the government has effectively capped the ceiling for retailers, accelerating the pass-through of global price drops to the consumer.
