Fuel Oil Price in South Korea
The chart above illustrates Fuel Oil prices in South Korea, in KRW/kg, from December 2024 to December 2025, as follows:
- Fuel Oil (LFO), ret, KR: Fuel Oil (light), retail, South Korea
- Fuel Oil (IFO), imp, KR: Fuel Oil (intermediate), import spot, cif, South Korea
- Fuel Oil (HFO), whl, KR: Fuel Oil (heavy), wholesale spot, ddp, South Korea
Further information about price assessments covered can be found in the assessments guide.
The price of Fuel Oil (LFO), ret, KR in December 2025 was approximately 1,650 KRW per kg. This represents a 1.8% rise compared to the value of the previous month. On a year-over-year basis, Fuel Oil (LFO), ret, KR prices increased by 1.7%.
In December 2025, Fuel Oil (IFO), imp, KR was priced at around 556 KRW per kg. This indicates a 1.5% fall compared to the previous month's value. Year-over-year, Fuel Oil (IFO), imp, KR prices decreased by 16.6%.
For December 2025, Fuel Oil (HFO), whl, KR price stood at approximately 837 KRW per kg. This shows a 1.4% fall relative to the previous month's value, and a year-over-year decrease of 16.3% in Fuel Oil (HFO), whl, KR prices.
Recent data, updated on July 6th, 2026, 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 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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