The price of diesel in South Korea has outstripped that of gasoline for the first time in 14 years due to tight global supply stemming from the Russia-Ukraine war and recent fuel tax cuts, industry data showed Wednesday. The average diesel price at local gas stations stood at 1,947.60 won ($1.53) per liter, 1.5 won higher than the gasoline’s 1,946.10 won, according to Opinet, a website operated by the state-run Korea National Oil Corp. In South Korea, diesel is normally cheaper than gasoline.
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