SEOUL, Nov. 12 (Korea Bizwire) — Sales of diesel automobiles built by local manufacturers fell more than 20 percent on-year through the third quarter of 2023, data showed Sunday, amid the rising preference for electric vehicles in the market. South Korea’s five carmakers sold 76,367 units of diesel passenger cars over the January-September period, down [...]
SEOUL, Nov. 15 (Korea Bizwire) — Diesel vehicles are losing ground due to the rising popularity of eco-friendly vehicles and a hike in diesel prices. The number of new diesel cars registered in the domestic market between January and October of this year stood at 288,888 units, down 21.6 percent year on year, according to [...]
SEOUL, June 4 (Korea Bizwire) — The weekly average prices of gasoline and diesel in South Korea both climbed for the fourth consecutive week on a continued energy crunch around the world, industry data showed Saturday. The average retail price of gasoline stood at 2,013 won per liter from May 29-June 2, up 19.3 won [...]
SEOUL, May 26 (Korea Bizwire) — The prices of diesel and gasoline in South Korea both climbed to over 2,000 won (US$1.58) per liter on Thursday on a continued tight global supply, industry data showed. The average retail price of diesel fuel had risen 0.88 won to 2,003.56 won per liter as of 2:30 p.m., [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s consumption of gasoline and diesel sank more than 18 percent in April from a year earlier due to high international crude prices, data showed Wednesday. Asia’s fourth-largest economy consumed a combined 17.4 million barrels of gas and diesel last month, down 18.3 percent from a year earlier, [...]
SEOUL, May 17 (Korea Bizwire) – South Korea plans to provide more subsidies to cargo truck and taxi drivers who are suffering from a hike in diesel prices in a bid to ease the burden from rising fuel costs, the finance ministry said Tuesday. The move came as diesel prices in South Korea recently outstripped [...]
SEOUL, Jan. 20 (Korea Bizwire) — Diesel-powered vehicles, which once led the imported cars market in South Korea, are now being increasingly replaced by electric vehicles (EVs) or other eco-friendly vehicles. Carisyou Data Lab reported that among 286,722 imported cars sold last year, 52,318 (18 percent) were diesel cars. It is the first time in [...]
SEOUL, March 16 (Korea Bizwire) — The volume of fine dust emissions created in the transport and power generation sector is expected to decline dramatically over the next 20 years. According to a report from the Korea Energy Economics Institute, the volume of fine dust emissions generated by the domestic transport sector is forecast to [...]
SEOUL, Feb. 2 (Korea Bizwire) — Starting from the latter half of this year, the mandatory blend ratio of biodiesel in diesel fuel will be increased from the current 3 percent to 3.5 percent. On Monday, the Ministry of Trade, Industry and Energy announced advance legislation notice for the revised enforcement ordinance of the Act [...]
DAEJEON, Nov. 12 (Korea Bizwire) — New technology has been developed that allows diesel-powered delivery trucks to be equipped with hybrid engines that can increase fuel efficiency while reducing emissions. The Cho Chun Shik Graduate School of Green Transportation at the Korea Advanced Institute of Science and Technology said Monday that it had completed a [...]