Instability in the Middle East...gasoline prices rising again = South Korea

Gasoline prices in South Korea continue to rise due to the effects of soaring international crude oil prices. On the 10th, according to the Korea National Oil Corporation's crude oil price information system Opinet, the national average price of gasoline on the same day
The price was 1,604.84 won (approximately 180 yen) per liter, an increase of 1.31 won (approximately 0.15 yen) from the previous day. Especially in Seoul, it costs 1691.29 won (approximately 189 yen)
The price approached the 1,700 won (approximately 190 yen) level. In the case of diesel oil, the national average price is 1,508.25 won (approximately 169 yen) per liter, an increase of 1.01 won (approximately 0.11 yen) from the previous day.
It was. According to Seoul standards, it costs 1,603.71 won (approximately 179 yen) per liter. Recently, international crude oil prices have been affected by geopolitical risks, such as instability in the Middle East, and crude oil demand due to global economic growth.
It is rebounding on the increase. Amid heightened geopolitical risks in the Red Sea, the United States and the United Kingdom recently launched a large-scale attack on Houthi anti-military facilities, including in Yemen's capital Sanaa.
Normally, changes in international crude oil prices are reflected in sales prices at Korean gas stations after two to three weeks. As a result, gasoline and diesel prices in South Korea will rise for a while.
is expected to continue. Gasoline tax reduction measures to reduce the burden of gasoline prices in South Korea will end this month. As international crude oil prices continue to rise, gasoline tax reduction measures will be ended.
If this happens, the burden on the people of gasoline and diesel oil will increase, stimulating a rise in prices.