Gas prices in Pyongyang have shot up by at least 83% in the past three days, foreign residents of the city confirmed to NK News on Saturday, following months of otherwise sustained petroleum product pricing in the North Korean capital city.
The pricing spike, which is impacting petroleum and diesel fuel sales equally, according to NK News data, comes following rumors China had been considering a halt of all crude oil sales to the DPRK, a precursor of both petroleum products.
“Yes, they raised it by 83%, my accountant calculated it,” one foreign resident told NK News, requesting anonymity due to the sensitivity of talking to international media from Pyongyang.
The resident’s remarks further confirmed an Associated Press report on Friday that sales of gasoline products are also currently limited to only foreign residents, such as diplomats and NGO staff.
“The gas station gate was locked yesterday strangely,” the resident said. “Maybe they closed the gate for (local) citizens because my colleague, the accountant, when he went to the station, they opened it for him.
“Our Korean friends said it is all because of sanctions,” the source added, though without specifying what could be impacting fuel supplies for local vehicles.
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