The South Korean government is strengthening price oversight on discount gas stations, known as “Altteul stations,” as domestic fuel prices surge amid rising global oil prices and Middle East tensions.

The Korea National Oil Corporation said it sent notices to discount gas stations nationwide asking operators to refrain from excessive price increases. Authorities found cases where some stations sharply raised prices following geopolitical tensions.

Officials warned that stations showing unusually large price hikes or excessive profit margins since late February may face administrative measures. Possible penalties include evaluation score deductions, additional surcharges, or even non-renewal of operating contracts.

Discount gas stations were introduced by the government to promote competition in the fuel market and help keep gasoline prices relatively low. By offering cheaper fuel, they are expected to curb price increases at nearby stations.

Operators sign annual contracts with the state-run oil corporation, and those failing to comply with pricing policies may lose their contracts.

As of the end of last year, South Korea had about 1,300 discount gas stations, accounting for roughly 12% of all gas stations nationwide.

The government hopes stricter management of these stations will help stabilize fuel prices across the broader market.

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