Fuel Oil Price in South Korea
The chart above illustrates Fuel Oil prices in South Korea, in KRW/kg, from March 2024 to March 2025, as follows:
- Fuel Oil (HFO), whl, KR: Fuel Oil (heavy), wholesale spot, ddp, South Korea
- Fuel Oil (IFO), imp, KR: Fuel Oil (intermediate), import spot, cif, South Korea
- Fuel Oil (LFO), ret, KR: Fuel Oil (light), retail, South Korea
Further information about price assessments covered can be found in the assessments guide.
For Fuel Oil (HFO), whl, KR, the price in March 2025 was approximately 1,010 KRW per kg. This indicates a 0.2% rise compared to the previous month's value, and a 2% increase on a year-over-year basis.
In March 2025, Fuel Oil (IFO), imp, KR reached approximately 693 KRW per kg. This price represents a 5.2% fall from the previous month and a 4% increase year-over-year.
The price for Fuel Oil (LFO), ret, KR was around 1,650 KRW per kg in March 2025. This shows a 0.3% fall compared to the preceding month, while on a year-over-year basis, prices decreased by 3.2%.
Recent data, updated on October 3rd, 2025, can be found in the South Korea Energy Prices & Markets Report. Updated monthly, the report provides price assessments and market analyses for fuel oil and other oil products, encompassing domestic supply and trade dynamics. It also covers other energy commodities in South Korea, presenting price assessments and market analyses of production, demand, trade, and South Korea's energy self-sufficiency.
Price Assessments Covered in the Report
Access timely and reliable Fuel Oil price assessments — updated every month and backed by consistent methodologies.
Current Prices
Access up-to-date Fuel Oil price assessments released at the beginning of each month, providing consolidated and relevant market data.
Price Forecasts
View short-term Fuel Oil price projections that help you anticipate market direction and make informed decisions.
Historical Prices
Explore historical Fuel Oil price series over multiple timeframes to identify short-, medium-, and long-term trends.
Beyond Prices: Market Analyses Covered
Understand the broader energy dynamics shaping South Korea's markets.
Production & Demand
Track energy production and consumption patterns to understand supply-demand dynamics across sectors.
Imports & Exports
Analyze energy trade flows and key trading partners to evaluate cross-border dependencies.
Energy Balance & Self-Sufficiency
Assess South Korea's energy balance and self-reliance, identifying exposure to external supply sources.
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