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Oil Price Decrease Slows to Single Digits on Third Day of Price Cap
Oil Price Decline Slows After Price Cap Implementation
On the third day of the oil price cap implementation, the average decline in gas prices at service stations across the country significantly reduced. According to Opinet, the oil price information system, as of 9 AM on the 15th, the average price of gasoline nationwide was 1842.1 won per liter, a decrease of 3.2 won from the previous day. Diesel prices fell by 4.4 won to 1843.6 won per liter.
Double-Digit Decline Halted
During the first two days of the oil price cap implementation, gas prices at national service stations continued to fall by double digits. However, on the third day, the rate of decline slowed to single digits. This indicates a noticeable reduction in the pace of oil price decreases, drawing attention to market price adjustment trends.
*Source: YouTube: JTBC News (2026-03-15)*
