Global oil prices declined this week as concerns over Middle East supply disruptions eased amid expectations that the United States would refrain from further military action against Iran. Benchmark Dubai crude fell $10.5 to $89 per barrel, although international price changes typically take two to three weeks to affect domestic pump prices. The government kept its latest petroleum price ceilings unchanged at 1,784 won per liter for gasoline, 1,773 won for diesel and 1,380 won for kerosene, effective Saturday for four weeks.
Tags: South Korea, Fuel Prices, Gasoline, Diesel, Oil Prices, Korea National Oil Corp, Opinet, Dubai Crude, Energy Market, Petroleum, Middle East, Iran, Seoul, Daegu, Economy
Kim Hee-su
Kim Hee-su is a bilingual reporter at AJU Press, covering defense and foreign affairs. Before joining AJP in 2025, she worked at The Korea Times, where she wrote interview stories, including a profile of North Korean defector Kim Gum-hyok, and produced digital content. She also previously worked as a researcher for KBS News 9’s International News Department, supporting correspondents in 10 countries around the world. She graduated from the University of Toronto in Canada with a double major in Book and Media Studies and East Asian Studies.
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