Gasoline Prices Continue steadily to Recover After COVID-19 Plunge
15 June, 2020
Gasoline prices in the united states have risen for 3 consecutive weeks to in this article W1,300 per liter after plummeting found in the wake of the coronavirus outbreak.
The Korea National Oil Company said on Sunday the average price of gasoline in the second week of June stood at W1,305.6 per liter, up W27.5 from the previous week (US$1=W1,204). It rose by W9.8 in the fourth week of May and by W17.5 in the initially week of June.
The upward trajectory is likely to continue for the moment.
As the epidemic has proven signals of easing in many parts of the community, demand for fuel is increasing, while oil creation has been cut as agreed by the Organization of the Petroleum Exporting Countries and other oil suppliers.
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