country · Asia
As of early October 2026, a gallon of regular gasoline in South Korea averages $5.34 — that is $1.41 per litre, and ranks #119 of 225 places we track, where #1 is the cheapest.
In local money that is roughly 1,891.31 KRW per litre, at the exchange rate of mid Oct 2026.
Moderately taxed
South Korea's price is world crude plus mid-level fuel taxes — the typical setup across much of Asia, Africa and Latin America.
An estimated split of a $5.34 gallon in South Korea. Crude oil trades as one global price, so the part that differs between countries is mostly tax.
| Component | Per gallon | Per litre |
|---|---|---|
| Crude | $2.10 | $0.55 |
| Refining | $0.55 | $0.15 |
| Distribution | $0.85 | $0.22 |
| Tax | $1.84 | $0.49 |
| Pump price | $5.34 | $1.41 |
| Comparison | Per gallon | Difference |
|---|---|---|
| South Korea | $5.34 | — |
| World average of all 225 | $5.55 | −$0.21 |
| Asia average | $5.13 | +$0.21 |
| Cheapest anywhere — Libya | $0.09 | −$5.25 |
| Priciest anywhere — Hong Kong | $16.70 | +$11.36 |