Gasoline Prices in South Korea decreased to 1.18 USD/Liter in January from 1.20 USD/Liter in December of 2025. Gasoline Prices in South Korea averaged 1.35 USD/Liter from 1990 until 2026, reaching an all time high of 1.84 USD/Liter in June of 2014 and a record low of 0.54 USD/Liter in December of 1990. source: Korea National Oil Corporation

Gasoline Prices in South Korea is expected to be 1.20 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Gasoline Prices is projected to trend around 1.31 USD/Liter in 2027 and 1.37 USD/Liter in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bank Lending Rate 4.19 4.15 percent Dec 2025
Consumer Confidence 110.80 109.90 points Jan 2026
Consumer Credit 1968270.50 1953344.60 KRW Billion Sep 2025
Consumer Spending 279749.60 276188.10 KRW Billion Sep 2025
Disposable Personal Income 2588759.30 2438258.30 KRW Billion Dec 2024
Economic Optimism Index 94.00 93.50 points Jan 2026
Gasoline Prices 1.18 1.20 USD/Liter Jan 2026
Households Debt to GDP 89.70 89.50 percent of GDP Jun 2025
Personal Savings 34.40 35.60 percent Sep 2025
Retail Sales MoM 0.90 -3.20 percent Dec 2025
Retail Sales YoY 1.20 0.80 percent Dec 2025


South Korea Gasoline Prices
Actual Previous Highest Lowest Dates Unit Frequency
1.18 1.20 1.84 0.54 1990 - 2026 USD/Liter Monthly