Fuel prices continue to rise, but at a slower rate

[Photo by Yonhap]

Fuel prices at South Korean gas stations have risen for the fifth consecutive week, although the rate of increase has slowed. According to Opinet, the Korea National Oil Corporation’s oil price information system, the national average price of gasoline at gas stations for the fourth week of July stood at 1,713.6 won per liter, up by 0.5 won per liter from the previous week. Diesel prices also saw an increase of 1.6 won per liter to 1,550.2 won.