gasoline Archives | Be Korea-savvy
Diesel Cars Account for More than Half of Total Distance Travelled by Cars in S. Korea

Diesel Cars Account for More than Half of Total Distance Travelled by Cars in S. Korea

SEOUL, Mar. 18 (Korea Bizwire) — Diesel cars, known to be one of the major causes of air pollution, comprised nearly half of all automobiles driven in South Korea last year. The Korea Transportation Safety Authority announced last Friday that cars in South Korea covered a total distance of 327.1 billion kilometers last year, an [...]

Drivers Use Less Gasoline in 2018 amid Higher Fuel Prices

Drivers Use Less Gasoline in 2018 amid Higher Fuel Prices

SEOUL, Feb. 20 (Korea Bizwire) — A gasoline-burning automobile consumed an average 1,159 liters last year, down 2.4 percent from a year earlier, as drivers cut back on spending probably to cope with high prices, industry data showed Wednesday. According to the Korea Petroleum Association, the figure marks the lowest since 2006, when the comparable [...]

Diesel, Petrol Cars Vie for Bigger Piece of Import Car Market

Diesel, Petrol Cars Vie for Bigger Piece of Import Car Market

SEOUL, March 20 (Korea Bizwire) – Diesel cars are locked in a tight race with gasoline-powered models for a bigger slice of South Korea’s imported vehicle market as diesel cars increasingly lose favor with local motorists following “dieselgate” in 2015, data showed Monday.  According to the industry data, 8,058 imported gasoline cars were sold in [...]

Popularity of Diesel Cars Wanes

Popularity of Diesel Cars Wanes

SEOUL, Dec. 5 (Korea Bizwire) – Diesel cars that were once fancied by consumers for their higher fuel efficiency are losing ground in Korea, mainly from the global emissions scandal in addition to the government imposing stricter diesel car regulations, labeling them as one of the main sources of fine dust.  According to the Ministry [...]

Gas Station Industry Crisis Shows Excessive Competition, Shutdown Dilemma

Gas Station Industry Crisis Shows Excessive Competition, Shutdown Dilemma

SEOUL, Sept. 22 (Korea Bizwire) – Gas stations are closing down in greater numbers and at a quickened pace from a profit squeeze in a market that has become too competitive, industry officials said Thursday.  People had jumped into the filler station business that until a few years ago was highly lucrative. The market entry [...]

Diesel Consumption Hits Monthly Record in May

Diesel Consumption Hits Monthly Record in May

SEOUL, July 14 (Korea Bizwire) – South Korea’s diesel consumption hit a monthly record in May, state statistics showed Thursday, an indication that diesel-powered cars are still dominant over electric and hybrid vehicles.  According to an informational website operated by state-run Korea National Oil Corp. (KNOC), South Korea consumed a record 14.31 million barrels of [...]

Kerosene to be Traded on Local Spot Market This Month

Kerosene to be Traded on Local Spot Market This Month

SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s bourse operator said Sunday that kerosene will be traded on its spot market later this month tofurther expand the country’s commodity spot trading market. Starting Oct. 26, kerosene will begin trading from 10 a.m. to 5 p.m. through the system, with the basic trading unit set at 20,000 liters, according to the Korea Exchange (KRX). Kerosene, or lamp oil, [...]

Environment Ministry Implements Tough Measures to Prevent Neighborhood Air Pollution

Environment Ministry Implements Tough Measures to Prevent Neighborhood Air Pollution

SEOUL, March 16 (Korea Bizwire) – When you fill up your car at a gas station, you can easily smell the gasoline. However, the smell of the oil mist includes toxic materials, and they can severely damage the air quality in the surrounding neighborhood. To reduce air pollution resulting from daily activities such as filling [...]