Petrol prices up by 43% in North Korean capital: source

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Petrol prices up by 43% in North Korean capital: source

Prices have increased by more than 160% since April, when initial pricing spike occurred

Chad O'Carroll September 20, 2017

Petrol prices up by 43% in North Korean capital: source

Eric Lafforgue

Petrol prices in Pyongyang increased by 43% on Thursday, an informed source told NK News, a significant and sharp spike upwards that builds upon a longer-term surge which kicked off in mid-April.

The increase follows the recent passage of United Nations Security Council Resolution 2375, which introduced major new restrictions on exports of oil and refined petroleum products to North Korea.

About the Author

Chad O'Carroll

Chad O'Carroll is the founder of NK News/NK Pro and related holding company Korea Risk Group. In addition to being the group's CEO, O'Carroll is a frequent writer and commentator about the Koreas, having written about the two nations since 2010. He has visited the DPRK multiple times, worked and lived in Washington, D.C. with a focus on peninsula issues, and lived in the ROK since 2016.

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