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Japan / China / Korea

Korea gasoil retail price exceeds gasoline price

According to data by Korea Exchange (KRX), the domestic average retail prices for gasoil exceeded those for gasoline on Wednesday. As the international gasoil prices had surged on tight supply/demand fundamentals, the domestic prices seemed to follow the upward trend. As of Wednesday, the average retail prices for gasoil were at 1,947.59won/liter, while those for gasoline were at 1,946.11won/liter. A market source said that each refiner seemed to be actively exporting gasoil on the back of the firm international market. It was speculated that domestic supply could be getting thin.


Tokyo : Products Team  Yoshiya Futakawa   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.