Retail oil prices in South Korea are rapidly rising in line with increasing global crude oil prices.
 
According to data provided by the Korea National Oil Corporation on Saturday, the average gasoline price nationwide in the third week of October rose two-point-two won to one-thousand-505-point-three won per liter which is about a dollar 30 cents. 
 
Gasoline prices have been on the rise for the 12th week in a row.
 
Diesel prices also gained two-and-a-half won to one-thousand-296-point-four won per liter, rising for the 13th week in a row. 
 
Gasoline prices were the highest in capital Seoul at an average one-thousand-609-point-six won per liter or 104-point-three won more than the national average. Gas prices were the lowest in South Gyeongsang Province at one-thousand-481 won.
 
The National Oil Corporation expects domestic oil prices to rise for the time being affected by reduced oil production and inventory in the U.S. and the possible resumption of U.S. sanctions on Iran which can raise global oil costs.