Domestic gasoline prices continued to rise for the seventh week in a row while the fuel tax cut was scheduled to begin on the 12th.
According to Korea National Oil Corporation Opinet, in the first week of November, gasoline prices at gas stations nationwide recorded 1,787.9 won per liter, up 25.2 won from the previous week.
It broke through KRW 1,700 per liter in the third week of October, and has been breaking records every week since peaking in seven years since the fourth week of October 2014.
By region, the price of gasoline in Seoul, the highest price region, was counted at 1,868.8 won per liter, up 28.0 won from the previous week, while Busan, the lowest price region, rose 22.8 won to 1,764.9 won per liter.
The selling price of diesel at gas stations nationwide rose 24.2 won to 1,585.1 won per liter.