Fuel Oil Price in South Korea
The chart above illustrates Fuel Oil prices in South Korea, in KRW/kg, from January 2025 to January 2026, 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 for Fuel Oil (LFO), ret, KR in January 2026 was approximately 1,640 KRW per kg. This represents a 0.7% fall compared to the prior month's value, while on a year-over-year basis, prices for Fuel Oil (LFO), ret, KR increased by 0.4%.
For Fuel Oil (IFO), imp, KR, the price in January 2026 was around 567 KRW per kg, indicating a rise of 1.9% from the previous month. Year-over-year, Fuel Oil (IFO), imp, KR prices decreased by 21.7%.
Fuel Oil (HFO), whl, KR was priced at approximately 814 KRW per kg in January 2026. This marks a 2.8% fall when compared to the previous month's value, and a 16.2% decrease on a year-over-year basis.
Recent data, updated on September 3rd, 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.
Intratec Energy Prices & Markets
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12 Energy Commodities
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