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Storm’s Impact on Oil Industry Is Felt at Gasoline Pumps
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Prices At The Pump Are Soaring In North Korea As Sanctions
Fuel prices are surging in North Korea as the international community puts increased pressure on Pyongyang. Petroleum costs jumped 43 percent Thursday, NK News reports . Prices have risen more than 160 percent since April, signaling that sanctions are starting to put a strain on the rogue regime.
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Gasoline
SEOUL (Reuters) — Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters and an interview with a North Korean defector.
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China’s National Oil Company Suspends Sales to North Korea
Reuters reported on Wednesday that China’s state controlled National Petroleum Corporation has suspended fuel sales to North Korea for an undetermined period of time. CNPC is the primary supplier of fuel to North Korea.
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