The average prices of gasoline and diesel have increased for the fifth consecutive week.

According to the Korea National Oil Corporation’s(KNOC) price information system, Opinet, on Saturday, the average price of gasoline per liter rose 15-point-three won on-week to one-thousand-745 won, or one U.S. dollar and 19 cents, in the fourth week of November.

The average price of diesel surged 23-point-nine won per liter to one-thousand-660-point-four won per liter.

International oil prices declined this week in the wake of progress in talks for a ceasefire in the Russia-Ukraine war, though the extent of the drop was limited primarily due to a forecast that OPEC-Plus would maintain its production policy.

An official at the KNOC expects the downtrend to be reflected in gasoline prices next week and for diesel prices to begin increasing at a slower pace.